Indifference curves for two goods slope [downward or upward?]: A bundle of goods with less of Good X must have more of GoodY for the two to have equal utility and lie on the same indifference curve.
Indifference curves for two goods slope [downward or upward?]: A bundle of goods with less of Good X must have more of GoodY for the two to have equal utility and lie on the same indifference curve.
Indifference curves for two goods slope [downward or upward?]: A bundle of goods with less of Good X must have more of GoodY for the two to have equal utility and lie on the same indifference curve.
Answer
downward
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Open it Indifference curves for two goods slope downward: A bundle of goods with less of Good X must have more of GoodY for the two to have equal utility and lie on the same indifference curve.
Original toplevel document (pdf)
owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p50
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