Refer to Figures D and E

Multiple Choice

Refer to Figures d and e.Water is crucial for survival,but it is particularly valuable during a drought when water is scarce.The probability of a drought is (1 - P) ,W_D represents the quantity of water in a drought,while W_R represents the quantity of water in a rainy season.Which set of indifference curves above best represent a relatively high probability of a drought?

A) Figure d
B) Figure e
C) Probabilities do not influence indifference curves.
D) Both Figures represent a relatively low probability of a drought.