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Commerce · Q818

Economics

Graduate and Post Graduate · Commerce · question 818

Q818

Which one of the following is not the basic property of indifference curves?

A.
Negative slope
B.
Indifference curves of two imperfect substitutes are concave to the point of origin
Answer
C.
The indifference curves do not intersect nor are they tangent to one another
D.
Upper indifference curves indicate a higher level of satisfaction

Answer: Option B

Solution

Answer: Option B
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