Question

An indifference curve is concave in case of ---------. *

1 point

Normal goods.

Inferior goods.

Special behavior of the consumer.​

Answer 1

Answer:

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Answer 2

Answer:

the marginal rate of substitution is increasing, the indifference curve will beconcave to the origin. This is typically not common since it means a consumer would consume more of X for the increased consumption of Y and vice versa.

Explanation:

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