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Question 98

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Use the following to answer question:
Figure 4.11 Use the following to answer question: Figure 4.11   -(Figure 4.11)  The indifference curve _____ indicates that the two goods, X and Y, are relatively poor substitutes for one another, whereas the indifference curve _____ indicates that the two goods are close substitutes for one another. A)  U<sub>1</sub>; U<sub>3</sub> B)  U<sub>3</sub>; U<sub>2</sub> C)  U<sub>2</sub>; U<sub>1</sub> D)  U<sub>3</sub>; U<sub>1</sub>
-(Figure 4.11) The indifference curve _____ indicates that the two goods, X and Y, are relatively poor substitutes for one another, whereas the indifference curve _____ indicates that the two goods are close substitutes for one another.


A) U1; U3
B) U3; U2
C) U2; U1
D) U3; U1

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