Which of the Following Statements Is False

Question 69
Multiple Choice

Which of the following statements is false? A)A consumer possesses a preference map. B)An indifference curve is a line that shows combinations of goods among which a consumer is indifferent. C)A consumer has only one indifference curve. D)The marginal rate of substitution is the rate at which a consumer will give up good y to get an additional unit of good x and remain on the same indifference curve. E)If the indifference curve is steep, the marginal rate of substitution is high.