Economics · Theory of Consumer Behaviour
Which of the following statements regarding indifference curves is incorrect?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Indifference curves are downward sloping.
- 2Indifference curves intersect each other.✓
- 3Indifference curves are usually convex to the origin.
- 4Consumer preferences are assumed to be transitive.
Correct answer
Indifference curves intersect each other.
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