Which of the following statements is false?
A)There is an indifference curve associated with any combination of goods selected by a consumer.
B)A consumer is indifferent among all consumption bundles along a given budget line.
C)All consumption bundles along a given indifference curve are equally desirable.
D)Consumption bundles that lie on higher indifference curves yield higher utility.

Question

Quizplus · Accepted Answer

A consumer is not indifferent among all consumption bundles along a given budget line. The consumer will prefer consumption bundles that are on a higher indifference curve, which may not necessarily be reachable within the given budget constraint.

Which of the Following Statements Is False