Which of the following statements is not true with regard to the stan – McqOptions

MCQOPTIONS

1.	Which of the following statements is not true with regard to the standard properties of indifference curves ?
A.	Indifference curves are downward sloping
B.	indifference curves are bowed outward
C.	Indifference curves do not cross each other
D.	Higher indifference curve is preferred to lower ones
Answer» C. Indifference curves do not cross each other

Discussion

No Comment Found

Related MCQs

Which of the following is not true regarding the outcome of a consumer’s optimization process ?
indifference curves for perfect substitutes are ?
If consumption when young and when old are both normal goods, an increase in the interest rate ?
Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 A pair of socks is ?
If income where to double and prices were to to double the budget line would ?
The change in consumption that results when a price change moves the consumer along a given indifference curve is known as the ?
Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bundle represented b point ?
If leisure is a normal good, an increase in the wage ?
Which of the following statements is not true with regard to the standard properties of indifference curves ?
Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 Suppose that the price of a pair of socks falls from €5 to €2 The income effect is represented by the movement from point ?