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Which of the following is not true?

Which of the following is not true?


[A]Indifference curve describes all the possible combinations of two goods which give equal satisfaction to the consumer
[B]Total utility is the sum of marginal utilities of all units of a good consumed
[C]When price of a product increases, demand for its complement increase
[D]Utility is a psychological concept and therefore cannot be precisely measured

Jan 09 2018 View more View Less

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