If an Indifference Curve (IC) is a straight downward-sloping line touching both axes, it exhibits that:

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Economics · Microeconomics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both commodities are perfect substitutes and Marginal Rate of Substitution (MRS) is constant.

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Answer 1

Both commodities are inferior goods and MRS is negative.

Answer 2

Both commodities are perfect complements and MRS is zero.

Answer 3

Both commodities are perfect substitutes and MRS is diminishing.

Answer 4

Both commodities are perfect substitutes and Marginal Rate of Substitution (MRS) is constant.

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