Economics · Consumer Behaviour
Indifference curves are downward sloping due to which assumption?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Assumption of Transitivity
- 2Diminishing Marginal Utility
- 3Diminishing Marginal Rate of Substitution✓
- 4Assumption of two goods X and Y
Correct answer
Diminishing Marginal Rate of Substitution
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