Economics (AS & A Level) · Oct / Nov 2024 · Paper 33 · Question 2
9708Indifference curves and budget lines
Which statement about indifference curves is not correct?
- 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.
As printed in the paper
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Correct answer: B. Indifference curves can intersect each other.
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