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Alvin's Preferences for Good X and Good Y Are Shown

Question 1

Multiple Choice

Alvin's preferences for good X and good Y are shown in the diagram below. Alvin's preferences for good X and good Y are shown in the diagram below.   Figure 3.2 -Based on Figure 3.2, it can be inferred that: A)  Alvin does not consider good X as  good.  B)  Alvin will never purchase any of good Y. C)  Alvin regards good X and good Y as perfect substitutes. D)  Alvin regards good X and good Y as perfect complements. E)  none of the above Figure 3.2
-Based on Figure 3.2, it can be inferred that:


A) Alvin does not consider good X as "good."
B) Alvin will never purchase any of good Y.
C) Alvin regards good X and good Y as perfect substitutes.
D) Alvin regards good X and good Y as perfect complements.
E) none of the above

Correct Answer:

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