Convexity of Indifference Curves Implies That Consumers Are Willing to

question 69

Multiple Choice

Convexity of indifference curves implies that consumers are willing to

• A) give up more "y" to get an extra "x" the more "x" they have.
• B) give up more "y" to get an extra "x" the less "x" they have.
• C) settle for less of both "x" and "y".
• D) acquire more "x" only if they do not have to give up any "y".

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