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‘Higher the indifference curve higher will be level of satisfaction’. Thestatement is

Question:

‘Higher the indifference curve higher will be level of satisfaction’. Thestatement is

A.

always true

B.

always false

C.

sometimes true and sometimes false

D.

true only if price effect is positive

Answer» a. always true

Note: The above multiple-choice question is for all general and Competitive Exams in India