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    Microeconomics Theory with Applications
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    Exam 2: A Theory of Preferences
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    If People Regard Pollution as a Bad Thing, Then Their
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If People Regard Pollution as a Bad Thing, Then Their

Question 75

Question 75

Multiple Choice

If people regard pollution as a bad thing, then their indifference curves for pollution and income (P, I) are:


A) kinked.
B) upward sloping.
C) undefined.
D) convex.

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