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A Consumer Likes Two Goods: CDs and Novels

Question 197

Multiple Choice

A consumer likes two goods: CDs and novels.The five bundles shown in the table below lie on the same indifference curve for the consumer. A consumer likes two goods: CDs and novels.The five bundles shown in the table below lie on the same indifference curve for the consumer. Which of the following statements regarding these bundles is correct? A) The goods are perfect substitutes for this consumer. B) The goods are perfect complements for this consumer. C) The bundles violate the property that indifference curves do not cross. D) Both b and c are correct. Which of the following statements regarding these bundles is correct?


A) The goods are perfect substitutes for this consumer.
B) The goods are perfect complements for this consumer.
C) The bundles violate the property that indifference curves do not cross.
D) Both b and c are correct.

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