Question
Economics Question on Indifference curve analysis
With good X on the horizontal axis and good Y on the vertical axis, a U shaped indifference curve indicates:
A
X good, y bad
B
X and Y both good
C
X good then bad; Y good
D
Y good then bad; X good
Answer
X good then bad; Y good
Explanation
Solution
The correct option is(C): X good then bad: Y good