in-a-real-world-scenario-if-a-consumers-indifference-curve-for-two-goods-is-rela

Question

In a real-world scenario, if a consumer's indifference curve for two goods is relatively flat, what does this suggest about their preferences?

Accepted Answer

The consumer places a higher value on the good on the vertical axis.

Answer

The consumer values both goods equally.

Answer

The consumer places a higher value on the good on the horizontal axis.

Answer

The consumer is indifferent between the two goods.