Multiple Choice
Which of the following is NOT true about indifference curves?
A) Indifference curves slope downward.
B) Indifference curves show equally preferred combinations of two goods.
C) Indifference curves are not straight lines because the marginal rate of substitution falls.
D) Indifference curves shift when prices change.
Correct Answer:

Verified
Correct Answer:
Verified
Q99: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -According to the
Q100: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q101: Suppose that indifference curve I1 lies to
Q102: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q103: If the last $5 spent on movies
Q105: Because the behavioral economics approach suggests many
Q106: Kathy has eaten five cookies. The fifth
Q107: A set of indifference curves on a
Q108: Explain how a consumer maximizes utility.
Q109: One student loves donuts. He receives 100