If preferences are transitive, indifference curves
A)intersect at the equilibrium consumption bundle.
B)intersect at the optimum consumption bundle.
C)intersect where the marginal rate of substitution for each indifference curve is equal.
D)do not intersect.

Question

Quizplus · Accepted Answer

Transitive preferences imply consistent ranking of bundles, leading to non-intersecting indifference curves, as intersection would violate the consistency of preferences.

If Preferences Are Transitive, Indifference Curves