It is because of monotonic preferences of the consumer that IC slopes downward. Comment.

Open in App

Solution

True.
An IC slopes downward because of monotonic preferences of the consumer. According to this, more of one commodity implies less of the other, so that total satisfaction remains the same. An IC, therefore, must slope downward.

Suggest Corrections

Similar questions

Consumer preferences are monotonic means :

(a) Cconsumer prefers less of both the goods

(b) Consumer prefers more of both the goods

(d) Both B and C

If the consumer has monotonic preferences, can she be indifferent between the bundles (10, 8) and (8, 6)?

Join BYJU'S Learning Program