Solved

Which One of the Following Statements Is False

Question 78

Multiple Choice

Which one of the following statements is false?


A) Indifference curves are negatively sloped.
B) A preference map consists of a series of indifference curves.
C) Indifference curves are bowed out from the origin.
D) The marginal rate of substitution is the magnitude of the slope of an indifference curve.
E) The marginal rate of substitution increases as a consumer moves up along an indifference curve for ordinary goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions