The slope of the indifference curve is equal to the
A)Ratio of the price of one good to the price of the other good.
B)Income of the consumer.
C)Marginal rate of substitution.
D)Slope of the demand curve.

Question

Quizplus · Accepted Answer

The slope of an indifference curve reflects the rate at which the consumer is willing to substitute one good for another while remaining indifferent (having the same level of satisfaction). This rate is known as the marginal rate of substitution (MRS). Therefore, the correct answer is C) Marginal rate of substitution.

The Slope of the Indifference Curve Is Equal to the