Economy, asked by choudharymuskan443, 2 months ago

indifference curve of substitute goods​

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Answered by MrsMuffin
0

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If two goods X and Y are perfect substitutes, the indifference curve is a straight line with negative slope, as shown in Figure 41 because the MRSXY is constant. ... In this case, the consumer does not distinguish between these two goods and regards them as the same commodity, such as two brands of tea.

Answered by arnypreethi
0

Answer:

this the explanation, curve is a straight line

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