Consider a consumer's preferences for two goods, represented by an indifference map. Consumption bundles A and B both lie on indifference curve I1. Consumption bundle C lies on indifference curve I2. Indifference curve I2 is located to the northeast (further from the origin) of I1. Assuming the standard properties of indifference curves, which statement accurately describes the consumer's preferences?
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Ch.9 Lenders and borrowers and differences in wealth - The Economy 2.0 Microeconomics @ CORE Econ
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