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Question

As we move down the indifference curve left to right, the slope of IC tends to
  1. decline
  2. rise
  3. approach unity
  4. become zero


Solution

The correct option is A 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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