Questions 1-3 are false. Tell why they are false and provide an example of a case when it is true, if ever.

1 False (6pts) All the following statements are false, in general. For each statement, give a brief explanation of why it's false and an example of a case 1when it's true, if ever. 2 points each. No explanation = no points. 1. If the price of good 1 doubles and the price of good 2 triples, the budget line will pivot down. 2. If individual demand curves are linear, so is the market demand curve. 3. Roughly circular indifference curves are implausible for standard con- sumeI's