The rate at which a consumer is WILLING to substitute one good for another is measured by
A)the corner solution on the Y axis.
B)the slope of the budget line.
C)the consumer's real income.
D)the slope of the tangent to the indifference curve.

Question

Quizplus · Accepted Answer

The rate at which a consumer is willing to substitute one good for another is measured by the slope of the tangent to the indifference curve as it represents the rate at which the consumer is willing to give up one good for another while remaining at the same level of satisfaction.

The Rate at Which a Consumer Is WILLING to Substitute