Which of the following sentences are incorrect?

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a) Utility is not measurable.

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b) Consumer is in equilibrium where MU > price.

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c) Consumer surplus is maximum when MU = P.

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d) MU of money does not remain constant.

148 Part II: THEORY OF CONSUMER DEMAND AND DEMAND FORECASTING

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e) Budget line can be curvy-linear.

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f) Consumer can be equilibrium on a lower IC curve if MRS = price ratio.