Question

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

Solution

The correct option is A declineSlope 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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