A-LevelEconomicsThe Price System and the MicroeconomyFeb/Mar 2017Paper 3 Q121 Mark
The diagram represents different combinations of good X and good Y. [Figure showing good Y vs good X, with points U, T, V, W] A consumer prefers more units of both goods to fewer units but prefers, as far as possible, not to give up any of good Y to obtain more of good X.
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