When Indifference Curves Are Bowed in Toward the Origin

question 63

Multiple Choice

When indifference curves are bowed in toward the origin,

• A)a consumer is less inclined to trade away goods they are lacking.
• B)a consumer's 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 away from the origin.

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