Solved

Which of the Following Statements Is FALSE

Question 103

Multiple Choice

Which of the following statements is FALSE?


A) A consumer possesses a preference map.
B) An indifference curve is a curve that shows the combination of goods among which a consumer is indifferent.
C) The marginal rate of substitution is the rate at which a consumer will give up good y to get more of good x and remain on the same indifference curve.
D) A consumer has only one indifference curve.

Correct Answer:

verifed

Verified

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

Related Questions