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Economics (AS & A Level) · May / June 2023 · Paper 31 · Question 3

9708Indifference curves and budget lines

Which assumption in relation to an indifference theory diagram is not correct?

  1. AThe consumer's income may change.
  2. BThe consumer may change their satisfaction-maximising objective.
  3. CThe consumers may change their tastes and preferences.
  4. DThe relative prices of products may change.

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Correct answer: B. The consumer may change their satisfaction-maximising objective.

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