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Home › CBSE Class 11 (Arts) › Economics › Microeconomics: Consumer's Equilibrium and Demand › The slope of an indifference curve is called the

The slope of an indifference curve is called the

Amarginal transfer rate
Bmarginal rate of substitution
Cmarginal price ratio
Dmarginal cost of income
Answer & Solution
Correct answer: B. marginal rate of substitution
The slope measures how much of one good is given up to keep utility constant for one more unit of the other.
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