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Question 59Asked in DSSSB TGT Computer Science (Technical), 1 Aug 2021, Shift 1

Monotonicity of preferences implies that the indifference curves are ________.

Monotonicity of preferences implies that the indifference curves are ________. I. Downward sloping II. Positively sloping
  1. AOnly I
  2. BOnly II
  3. CBoth I and II
  4. DNeither I nor II
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Correct answer: (A) Only I

Explanation

Monotonic preferences mean more of a good is better, so to keep utility constant a consumer must give up some of one good to get more of the other, which makes indifference curves slope downward.

From DSSSB TGT Computer Science PYQ (Technical), 1 Aug 2021, Shift 1

This is question 59 of DSSSB TGT Computer Science PYQ (Technical), 1 Aug 2021, Shift 1. See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.