Which of the Following Statements Is Correct? If the Indifference

question 100

Multiple Choice

Which of the following statements is correct? If the indifference curves are at right angles to each other, then the consumer will:
(i) be indifferent to trading one good for the other
(ii) always consume the good in constant proportions
(iii) will always consume a bundle on the "point" of the indifference curve (where the indifference curves meet at 90-degrees)

• A)(i) and (iii) only
• B)(ii) and (iii) only
• C)(i) only
• D)(ii) only

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