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Question

As we move down the indifference curve left to right, the slope of IC tends to

A
approach unity
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B
rise
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C
become zero
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D
decline
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Solution

The correct option is D decline
Slope of IC shows the amount of Good-Y which a consumer is willing to give up for one unit more of Good-X. It is expressed as ‘Change in Y/Change in X’. Since IC is convex to the origin, so, as we move down on the curve from left to right, the slope of IC tends to decline.

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