Economics · Consumer Behaviour
The slope of an Indifference Curve indicates:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Marginal rate of substitution of X for Y✓
- 2Ratio of prices of X and Y
- 3Slope of the budget line
- 4Change in total utility
Correct answer
Marginal rate of substitution of X for Y
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