If Indifference Curves Could Cross, It Would Suggest That

question 126

Multiple Choice

If indifference curves could cross, it would suggest that:

• A)it is possible to demonstrate that all standard properties of indifference curves are typically satisfied
• B)consumers are likely to prefer a redistribution of income from rich to poor
• C)it is possible to demonstrate that a consumer does not prefer more to less
• D)it facilitates the explanation of differences in consumption choices among individuals

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Definitions:

ABO Blood Group

A classification system for human blood based on the presence or absence of antibodies and inherited antigenic substances on the surface of red blood cells.

X Chromosomes

are one of the two types of sex chromosomes, present in two copies in females and one in males, carrying genes important for sexual development and other functions.

X-Linked

Gene located on an X chromosome.

Incomplete Dominance

A genetic phenomenon where the phenotype of a heterozygote is intermediate between the phenotypes of the two homozygotes, indicating a blend of the parental traits.