Question

the rate at which the consumer can substitute good X good Y tends to decline as we move downwards along the price line (true false give reason)

Answer 1

heya user!
here is ur answer........... FALSE coz goodx n good y are a type of substitute goods. in case of substitution good, demand curve will positive not decline coz higher the price of good X, higher the demand of good y so so price line will positive n vice versa. e. g. tea n coffee.

hope this help!