If you care not only about your own income level but also about your relatives' income level, with increasing concern for them as they get poorer, then your indifference curves (defined over your income level and that of your relatives)
A)will be negatively sloped, and concave from above.
B)will be positively sloped, and concave from the origin.
C)will be negatively sloped and linear.
D)cannot be specified until more information is provided.

Question

Quizplus · Accepted Answer

The indifference curves will be negatively sloped and concave from above because as your relatives' income decreases, you are willing to give up more of your own income to increase theirs, reflecting increasing concern.

If You Care Not Only About Your Own Income Level