Which of the following statements is correct? If the indifference curves are at right angles to each other, then the consumer will:
(i) be indifferent to trading one good for the other
(ii) always consume the good in constant proportions
(iii) will always consume a bundle on the "point" of the indifference curve (where the indifference curves meet at 90-degrees)
A) (i) and (iii) only
B) (ii) and (iii) only
C) (i) only
D) (ii) only
Correct Answer:
Verified
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