An Income Consumption Curve (Shown on an Indifference Map with Ben's

question 39

Multiple Choice

An income consumption curve (shown on an indifference map with Ben's income on the horizontal axis and Jerry's income on the vertical axis) is positively sloped.Given that the indifference curves on the map are downward sloping,which of the followings statements is true?

• A)Jerry views charitable donations to Ben as an inferior good.
• B)Altruism cannot be accurately captured using indifference curves.
• C)Charitable giving to Ben is a normal good for Jerry.
• D)Jerry views Ben's income as an economic bad.

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Definitions:

Gas Particles

Individual atoms or molecules that compose a gas, exhibiting random motion and spreading out to fill the volume of their container.

Motions

Movements or the act of changing place, position, or posture, often studied in the context of physics.

Continuous

Describes an unbroken or uninterrupted sequence or extent of something, often referring to processes, functions, or variables in mathematics or physics.

Intermolecular Forces

Forces of attraction or repulsion which act between neighboring particles (atoms, molecules, or ions) influencing the properties of substances.