Which statement about indifference curves is not correct?
A.
Indifference curves are usually convex to the origin of the diagram.
B.
Indifference curves can intersect each other.
C.
The consumer always prefers a higher indifference curve to a lower one.
D.
The slope of the indifference curve represents the marginal rate of substitution.
Exam No：9708_w24_qp_33 Year：2024 Question No：2
Answer:
B
Knowledge points:
7.2.1 meaning of an indifference curve and a budget line
7.2.4 limitations of the model of indifference curves
Solution:
Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Download
Android
Download
Download
Google Play
Download
Download