Bundles that lie above the indifference curve are preferred to bundles that lie below.This is an example of
A)Transitivity
B)Completeness
C)More is better
D)Convexivity

Name: Bundles that lie above the indifference curve are preferred to bundles that lie below.This is an example of A)Transitivity B)Completeness C)More is better D)Convexivity
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Question

Quizplus · Accepted Answer

The statement reflects the assumption that more of a good is preferred to less, which is the "more is better" principle in consumer theory.

Bundles That Lie Above the Indifference Curve Are Preferred to Bundles