Which of the Following Statements About Indifference Curves Is Not

question 25

Multiple Choice

Which of the following statements about indifference curves is not true?

• A)The consumer is indifferent among the combinations illustrated along a given curve.
• B)Every indifference curve intersects the consumer's budget line at least once.
• C)Indifference curves slope downward.
• D)Indifference curves are concave (bowed in toward the origin).
• E)Indifference curves do not intersect.

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Definitions:

Challenges

Difficult situations that require a person to utilize skills and resources in order to overcome them.

Alfred Binet

A French psychologist best known for developing the first practical intelligence test, the foundation for modern IQ testing.

Psychological Measurement

The process of acquiring and quantifying psychological traits, abilities, or outcomes through tests and assessments.

Pragmatic

Relating to a practical point of view or practical considerations, often focusing on the practical or logical approach to problems.