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Indifference Curves Are Generally Convex to the Origin Because Of

Question 38

Multiple Choice

Indifference curves are generally convex to the origin because of:


A) the law of diminishing marginal utility.
B) substitution and income effects.
C) limitations of the economy in producing an ever-increasing amount of the commodities in question.
D) the instability of individual human wants.
E) none of the above.

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