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If You Care Not Only About Your Own Income Level

Question 30

Multiple Choice

If you care not only about your own income level but also about your relatives' income level, with increasing concern for them as they get poorer, then your indifference curves (defined over your income level and that of your relatives)


A) will be negatively sloped, and concave from above.
B) will be positively sloped, and concave from the origin.
C) will be negatively sloped and linear.
D) cannot be specified until more information is provided.

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