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If Good X Is Measured on the Horizontal Axis and Good

Question 48

Essay

If good X is measured on the horizontal axis and good Y on the vertical, what can you say about the preferences of someone whose indifference curves are
a.parallel to the Y axis?
b.positively sloped with more desirable indifference curves as one moves to the right?
c.negatively sloped with more desirable indifference curves as one moves to the left?

Correct Answer:

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a.This person doesn't care how...

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