Convexity of the Indifference Curve Follows from

question 43

Multiple Choice

Convexity of the indifference curve follows from

• A) the fact that more is preferred to less.
• B) the fact that consumption and leisure are normal goods.
• C) the fact that consumers are indifferent to consumption and leisure goods.
• D) the fact that consumers prefer diversity.
• E) the fact that income plays a significant role in consumption and leisure decisions.

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