Get premium membership and access questions with answers, video lessons as well as revision papers.

Describe the shape taken by the indifference curve of perfect complements

      

Describe the shape taken by the indifference curve of perfect complements

  

Answers


Dana
Perfect goods are goods that are always consumed together in fixed proportions. The indifference curves are L – shaped, with the vertex where the number of one good is equal to the number of the other good

Dana05 answered the question on August 15, 2019 at 14:00


Next: Describe the shape taken by the indifference curve of perfect substitutes
Previous: Describe the shape taken by the indifference curve of bad goods

View More Economics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions