Question

Q5. What measures the slope of indifference curve?
a) Budget line

b) Marginal rate of substitution

c) Price line

d) None of these​

Answer 1

Answer:

option ( B ) is the correct answer. Marginal rate of substitution.

Explanation:

The slope of the indifference curve is called the marginal rate of substitution , which declines as the quantity of X increases relative to the quantity of Y. Of course, the amounts of commodities X and Y that the individual will be able to consume depends on the level of that person's income.

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