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18. Consumer Choice and Behavioral Economics
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Problem 14
18. Consumer Choice and Behavioral Economics
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18. Consumer Choice and Behavioral Economics / Indifference Curves / Problem 7
Problem 7
In a real-world scenario, if a consumer's indifference curve for two goods is relatively flat, what does this suggest about their preferences?
A
The consumer places a higher value on the good on the vertical axis.
B
The consumer values both goods equally.
C
The consumer places a higher value on the good on the horizontal axis.
D
The consumer is indifferent between the two goods.
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