A consumer has preferences over two goods: x and y.Three bundles,which all lie on the same indifference curve for this consumer,are shown in the following table.
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)These bundles violate the property that indifference curves are bowed inward.
D)These bundles violate the property that indifference curves do not cross.

Question

A consumer has preferences over two goods: x and y.Three bundles,which all lie on the same indifference curve for this consumer,are shown in the following table. 
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)These bundles violate the property that indifference curves are bowed inward. 
D)These bundles violate the property that indifference curves do not cross.

Quizplus · Accepted Answer

The Answer of A consumer has preferences over two goods: x and y.Three bundles,which all lie on the same indifference curve for this consumer,are shown in the following table. 
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)These bundles violate the property that indifference curves are bowed inward. 
D)These bundles violate the property that indifference curves do not cross.

A Consumer Has Preferences Over Two Goods: X and Y