Economics · Consumer Equilibrium
Which of the following statements is NOT a true property of standard indifference curves?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Higher indifference curves represent higher levels of satisfaction.
- 2Two indifference curves can intersect each other.✓
- 3They are convex towards the origin.
- 4They slope downwards from left to right.
Correct answer
Two indifference curves can intersect each other.
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