Multiple Choice
Under standard assumptions,which of the following is not a property of indifference curves?
A) They are downward sloping and convex.
B) They fill the plane and never cross.
C) Their slope is equal,in magnitude,to the relative price of the goods.
D) Baskets on indifference curves further away from the origin provide more satisfaction than those which are closer to the origin.
Correct Answer:
Verified
Correct Answer:
Verified
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