When indifference curves are bowed in toward the origin,
A)consumers are more inclined to trade away goods they have in abundance.
B)an increase in income will shift the indifference curve away from the origin.
C)a decrease in income will shift the indifference curve toward the origin.
D)Both b) and c) are correct.

Question

Quizplus · Accepted Answer

The Answer of When indifference curves are bowed in toward the origin,
A)consumers are more inclined to trade away goods they have in abundance.
B)an increase in income will shift the indifference curve away from the origin.
C)a decrease in income will shift the indifference curve toward the origin.
D)Both b) and c) are correct.

When Indifference Curves Are Bowed in Toward the Origin