Write true or false with a reason:
The rate at which the consumer can substitute Good-X for Good-Y tends to decline as we move downward along the price line.

True

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False

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Solution

The correct option is B False
False.

The rate at which the consumer can substitute Good-X for Good-Y remains constant throughout the price line. Because, $P_{X}$ and $P_{Y}$ are assumed to be constant.

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Write true or false with a reason:The rate at which the consumer can substitute Good-X for Good-Y tends to decline as we move downward along the price line.

The correct option is B FalseFalse.The rate at which the consumer can substitute Good-X for Good-Y remains constant throughout the price line. Because, PX and PY are assumed to be constant.

Write true or false with a reason:
The rate at which the consumer can substitute Good-X for Good-Y tends to decline as we move downward along the price line.

The correct option is B False
False.

The rate at which the consumer can substitute Good-X for Good-Y remains constant throughout the price line. Because, $P_{X}$ and $P_{Y}$ are assumed to be constant.