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I want you to tell me the multiple choice answer which is right based on the truth of the statements! See the following statements: 1.
I want you to tell me the multiple choice answer which is right based on the truth of the statements! See the following statements:
1. Each and every consumption basket lies on only one indifference curve.
2. Indifference curves are negatively sloped if a consumer likes both goods.
3. Indifference curves can be upward sloping.
- A.Only statement 1 is true.
- B.Only statements 1 and 2 are true.
- C.Only statement 2 is true.
- D.Statements 1, 2 and 3 are true.
- E.Only statement 3 is true.
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