Q1168
Moving along an indifference curve, if a consumer requires a small amount of the good measured along the Y-axis to make up one unit less of the good measured on the X-axis, then
A.
The marginal rate of substitution is high and the indifference curve is steep
B.
Total utility is increasing
C.
The marginal rate of substitution is high and the indifference curve is shallow
D.
The marginal rate of substitution is low and the indifference curve is shallow
AnswerAnswer: Option D
Solution
Answer: Option D
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