Figure 3.1.3 -Refer to Figure 3.1.3 Above. the Way in Which the Which

question 12

Multiple Choice

Figure 3.1.3
-Refer to Figure 3.1.3 above. The way in which the indifference curves are drawn in this figure:

• A) represents a unique case in which two different indifference curves offer the same level of utility.
• B) compares three market baskets that yield the same level of utility.
• C) violates the principle of transitivity in the model of consumer behavior.
• D) represents the usual way in which indifference curves appear on an indifference map.

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