Question:
Which of the following statements is incorrect?
Which of the following statements is incorrect?
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Remember: Indifference curves cannot intersect due to the transitivity of consumer preferences.
Updated On: Jan 17, 2026
- Indifference curves are downward sloping
- Indifference curves intersect each other
- Indifference curves are usually convex
- Consumer preferences are assumed to be transitive
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The Correct Option is B
Solution and Explanation
Step 1: Properties of indifference curves: Downward sloping, convex to origin, and do not intersect.
Step 2: Conclude: Option 2 is incorrect as ICs never intersect.
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