Which of the following describes the event that happens when a consumer moves away from the...
Which of the following describes the event that happens when a consumer moves away from the origin onto a higher indifference curve?
Select one:
a. A less preferred combination of goods is reached by the consumer.
b. Consumers are consuming less.
c. A more preferred combination of goods is reached by the consumer.
d. A more affordable combination of goods is reached by the consumer.
Homework Answers
When a consumer moves away from the origin onto a higher indifference curve, he reaches more preferred combinations of goods. So the correct option that describes the event is:
(c) A more preferred combination of goods is reached by the consumer.
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