When Indifference Curves Are Bowed in Toward the Origin

question 535

Multiple Choice

When indifference curves are bowed in toward the origin,

• A)consumers are less inclined to trade away goods they are lacking.
• B)consumers' willingness to trade away goods they have in abundance diminishes.
• C)an increase in income will shift the indifference curve away from the origin.
• D)a decrease in income will shift the indifference curve toward the origin.