Which of the following illustrates the concept of "more is better"?
A)An increase in income shifts the budget line to the right.
B)Consumers moving along an indifference curve.
C)Higher indifference curves yield higher utility.
D)Budget lines closer to the origin represent lower income.
E)Sam's indifference curves are steeper than Frazier's.

Question

Quizplus · Accepted Answer

Higher indifference curves represent combinations of goods that provide greater utility, illustrating the concept that more of a good or service is preferred to less.

Which of the Following Illustrates the Concept of "More Is