Question

The slope of indifference curve show _______.

• A. marginal rate of substitution
• B. level of satisfaction to the consumer
• C. elasticity of indifference curve
• D. none of the above

Answer 1

The correct option is A marginal rate of substitution

solution:

The slope of the indifference curve is called the marginal rate of substitution , which declines as the quantity of X increases relative to the quantity of Y

hence the correct option: A