Question

5. Indifference curve are convey to the origin
1 Point)
Two goods are perfect
complementary goods
Two goods are imperfect substitute
Two goods are perfect substitutes
None​

Answer 1

Answer:

Two goods are perfect substitutes

Explanation:

Two commodities are perfect substitutes for each other – In this case, the indifference curve is a straight line, where MRS is constant. Two goods are perfect complementary goods – An example of such goods would be gasoline and water in a car. In such cases, the IC will be L-shaped and convex to the origin.