A Consumer Has Preferences Over Two Goods: X and Y

question 126

Multiple Choice

A consumer has preferences over two goods: x and y.Three bundles,which all lie on the same indifference curve for this consumer,are shown in the following table.
Which of the following statements regarding these bundles is correct?

• A)The goods are perfect substitutes for this consumer.
• B)The goods are perfect complements for this consumer.
• C)These bundles violate the property that indifference curves are bowed inward.
• D)These bundles violate the property that indifference curves do not cross.

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