Economics · Economics
Why does the indifference curve slope downwards?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The consumer wants to consume some quantity of both goods.
- 2The consumer can substitute one good for another at a constant rate.
- 3As the quantity of one commodity increases, the consumer is willing to give up less of the other commodity.✓
- 4The consumer's income is fixed and constant.
Correct answer
As the quantity of one commodity increases, the consumer is willing to give up less of the other commodity.
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