Economy, asked by kanakbatra20xicommer, 6 months ago

slope of indifference curve is equal to​

Answers

Answered by biswajita28
3

Explanation:

Note that the equilibrium quantities are those for which the slope of the indifference curve equals the slope of the budget line---that is, where the marginal rate of substitution equals the price ratio. Now suppose that the level of the individual's income increases without any change in prices.

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