Multiple Choice
Exhibit 6-22 If a consumer moves from point a to point b on the indifference curve shown in Exhibit 6-22,
A) the marginal rate of substitution between books and movies falls
B) the marginal rate of substitution between books and movies stays the same
C) the marginal rate of substitution between books and movies increases
D) the marginal rate of substitution between books and movies becomes negative
E) the marginal rate of substitution between books and movies becomes zero
Correct Answer:
Verified
Related Questions
Q1: The slope of an indifference curve is
Q2: A consumer's indifference map is a depiction
Q3: A curve representing combinations of two goods