Question: Consider two indifference curves, IC1 and IC2, for a consumer. IC1 is farther from the origin (i.e., further to the right and higher) compared to

Consider two indifference curves, IC1 and IC2, for a consumer. IC1 is farther from the origin (i.e., further to the right and higher) compared to IC2 on a graph of goods X and Y. What can you conclude from this comparison? Group of answer choices The consumer prefers combinations of goods X and Y on IC1 over those on IC2. The consumer is indifferent between the combinations of goods X and Y on IC1 and IC2. The consumer's preferences cannot be determined based on the information given

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