Question: An indifference curve typically: a. shows combinations of two goods that yield equal money income. b. slopes upward. c. has a concave shape. d. slopes downward.

Answer

d. slopes downward.

Explanation

Indifference curve shows the combination of two goods that produce the same satisfaction. The indifference curve slopes downward because for utility to remain the same, a reduction in the quantity of good on the vertical axis must be balanced by an increase in the quantity of good on the horizontal axis.