Economics 9708 · AS & A Level · Indifference curves and budget lines

Indifference curves and budget lines — practice question

Which statement concerning indifference curves is incorrect?

  • AIndifference curves are usually convex to the origin of the diagram.
  • BIndifference curves can intersect each other.
  • CThe consumer always prefers a higher indifference curve to a lower one.
  • DThe slope of the indifference curve represents the marginal rate of substitution.

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