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Bill Katz Prefers More of Good 1 to Less and He

Question 24

True/False

Bill Katz prefers more of good 1 to less and he prefers less of good 2 to more.Bill has convex preferences.If we draw his indifference curves with good 1 on the horizontal axis and good 2 on the vertical axis, then his indifference curves have positive slope but get steeper as they rise.

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