Which One of the Following Statements Is False

question 78

Multiple Choice

Which one of the following statements is false?

• A)Indifference curves are negatively sloped.
• B)A preference map consists of a series of indifference curves.
• C)Indifference curves are bowed out from the origin.
• D)The marginal rate of substitution is the magnitude of the slope of an indifference curve.
• E)The marginal rate of substitution increases as a consumer moves up along an indifference curve for ordinary goods.