The term convex means that the slope of the indifference curve _____ as consumer move _____ along the curve.
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4 marks, −1MicroeconomicsConsumer preferences and utilityMarginal rate of substitution and convexityModerateabout 1 min
CUET-PG 2026 Question 4: Consumer preferences and utility
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Consumer preferences and utility has come up 93 times in 7 exams since 2007.
What this question tests
This question is on Marginal rate of substitution and convexity, part of Consumer preferences and utility in Microeconomics.
The rate at which a consumer trades one good for another, and why it diminishes along a convex indifference curve.
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Question from the CUET-PG 2026 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.