Which of the following is NOT true about indifference curves?
A) Indifference curves slope downward.
B) Indifference curves show equally preferred combinations of two goods.
C) Indifference curves are not straight lines because the marginal rate of substitution falls.
D) Indifference curves shift when prices change.
Correct Answer:
Verified
Q339: Q340: The average demand curve slopes downward due Q341: Along an indifference curve, Q342: Observations of violations of consumer optimum predicted Q343: Behavioral economists focus on the assumption that Q345: Observations of real-world situations that appear to Q346: Along an indifference curve Q347: A curve that shows a set of Q348: An indifference curve provides the set of Q349: Indifference curves
A) the marginal utility
A)
A) every combination of
A) are vertical.
B) are horizontal.
C) slope
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents