Multiple Choice
Both Diana and Sarah like jazz music and music by the Beatles. Diana likes music by the Beatles much better than jazz music, whereas Sarah prefers jazz music to music by the Beatles. If we were to graph an indifference curve with CDs by the Beatles on the horizontal axis and jazz CDs on the vertical axis, then
A) Diana and Sarah would have identical indifference curves.
B) Diana's indifference curve would be steeper than Sarah's indifference curve.
C) Sarah's indifference curve would be steeper than Diana's indifference curve.
D) We do not have enough information to compare their indifference curves.
Correct Answer:
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