Economics · Consumer Behavior - Indifference Curves
In ordinal utility analysis, what is the specific geometric shape of the indifference curves for perfect complements, which represent goods consumed in rigid, fixed proportions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Horizontal or vertical lines
- 2Concave to the origin
- 3L-shaped (right-angled)✓
- 4Straight, downward-sloping line
Correct answer
L-shaped (right-angled)
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