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)convexity.

Question

Quizplus · Accepted Answer

The principle that "bundles that lie above the indifference curve are preferred to bundles that lie below" is an example of the "more is better" principle, which suggests that consumers prefer to have more of a good or service rather than less, assuming all else is equal.

Bundles That Lie Above the Indifference Curve Are Preferred to Bundles