3803EconomicsMedium
Which of the following statements is not true with regard to the standard properties of indifference curves?
Aindifference curves are bowed outward
BIndifference curves do not cross each other
CHigher indifference curve is preferred to lower ones
DIndifference curves are downward sloping
Correct answer
A. indifference curves are bowed outward
Explanation
The correct answer is indifference curves are bowed outward.