Economics · Consumer Behaviour and Demand
If good X and good Y are perfect substitutes, the shape of the Indifference Curve (IC) would be a:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Downward sloping straight line✓
- 2Convex curve to the origin
- 3U-shape
- 4Downward sloping L-shape
Correct answer
Downward sloping straight line
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