Indifference curves that cross would suggest that
a. the consumer does not prefer more to less.
b. the consumer is likely to prefer a redistribution of income from rich to poor.
c. different individuals have different preferences for the same goods.
d. the marginal rate of substitution is the same for both indifference curves.
a
Economics
You might also like to view...
Which of the following isnot a reason why the aggregate-demand curve slopes downward?
A. the interest-rate effect B. All of these answers are reasons why the aggregate-demand curve slopes downward. C. the wealth effect D. the exchange-rate effect E. the classical dichotomy/monetary neutrality effects
Economics
What is marginal damage cost?
What will be an ideal response?
Economics