Answered: .In the case of two perfect…

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Economics

.In the case of two perfect substitutes, the indifference curve will be

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 2CQQ

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60. In the case of two perfect substitutes,
the indifference curve will be
A.
Straight line
B. O L-shaped
C. O U-shaped
D. O C-shaped

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