Which of the Following Statements Is False

question 93

Multiple Choice

Which of the following statements is false?

• A)A consumer possesses a preference map.
• B)An indifference curve is a line that shows combinations of goods among which a consumer is indifferent.
• C)A consumer has only one indifference curve.
• D)The marginal rate of substitution is the rate at which a consumer will give up good y to get an additional unit of good x and remain on the same indifference curve.
• E)If the indifference curve is steep,the marginal rate of substitution is high.

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