CA CPT Model Test Paper 6 with solutions for online practice

Question : 107 of 200

Marks: +1, -0

Which is not the assumption of Indifference curve Analysis?

The consumer is rational and possesses full information about all the aspects of economic environment
The consumer is not capable of ranking all combinations
If consumer prefers combination A to B, and B to C, then he must prefer combination A to C
If combination A has more commodities than combination B, then A must be preferred to B.

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