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Unilorin Post-UTME Economics 2024 (Model questions) Question 8

Question 8

Theory of Consumer Behaviour

Indifference curve did not exhibit which of the following properties?

  1. A.downward sloping from left to the right
  2. B.convex to the origin
  3. C.higher indifference curve implies higher satisfaction
  4. D.lower indifference curve represents equal satisfaction of value
Show the answer and explanation

Answer: D (lower indifference curve represents equal satisfaction of value)

Explanation

Indifference curves slope down, are convex to the origin, and a higher curve means more satisfaction. A lower curve means less satisfaction, not equal, so D is not a property.