Intersecting indifference curves violate the assumption of _____.
A)nonsatiation
B)rationality
C)transitivity
D)completeness

Question

Quizplus · Accepted Answer

Indifference curves represent the consumer's preferences, and the assumption of nonsatiation states that more is preferred to less. If two indifference curves intersect, it implies that the consumer is indifferent between two bundles, one with more of a good and one with less of the same good, which contradicts the assumption of nonsatiation.

Intersecting Indifference Curves Violate the Assumption of _____