Which of the ff. statements is correct? A. Indifference curves which look like letter L show that the two goods are independent B. indifference curves which look like a downward sloping straight lines show that the two goods are complementary C. indifference curves which are downward sloping with changing slopes show that the two goods are imperfect substitutes D. all are correct E. %none is correct

Which of the ff. statements is correct? A. Indifference curves which look like letter L show that the two goods are independent B. indifference curves which look like a downward sloping straight lines show that the two goods are complementary C. indifference curves which are downward sloping with changing slopes show that the two goods are imperfect substitutes D. all are correct E. %none is correct

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter3: Preferences And Utility

Section: Chapter Questions

Problem 3.4P

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