indifference curves for perfect substitutes are ?
Correct answer: C. straight lines
- A. right angles
- B. bowed outward
- C. straight lines
- D. nonexistent
- E. bowed inward
Explanation
Perfect substitutes provide a constant trade-off between goods, so the consumer is willing to replace one with the other at a fixed rate. Their indifference curves are therefore straight, downward-sloping lines.
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