As a consumer moves away from the origin onto higher indifference curves, what happens? O A. The consumer reaches more preferred combinations of goods. B. The consumer reaches more affordable combinations of goods. C. Nothing D. The consumer reaches less preferred combinations of goods. E. None of the above because it is impossible to move from one indifference curve to another.

Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 2CQQ
icon
Related questions
Question

Pls select correct option :

As a consumer moves away from the origin onto higher indifference curves, what happens?
O A. The consumer reaches more preferred combinations of goods.
B. The consumer reaches more affordable combinations of goods.
C. Nothing
D. The consumer reaches less preferred combinations of goods.
E. None of the above because it is impossible to move from one indifference curve to another.
Transcribed Image Text:As a consumer moves away from the origin onto higher indifference curves, what happens? O A. The consumer reaches more preferred combinations of goods. B. The consumer reaches more affordable combinations of goods. C. Nothing D. The consumer reaches less preferred combinations of goods. E. None of the above because it is impossible to move from one indifference curve to another.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Assets
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Microeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Economics
ISBN:
9781305971493
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Microeconomic Theory
Microeconomic Theory
Economics
ISBN:
9781337517942
Author:
NICHOLSON
Publisher:
Cengage
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax