The indifference curve maps out the consumption bundles that give the consumer the same level of satisfaction.
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Q9: The slope of a budget constraint is
Q10: The marginal rate of substitution is the
Q11: The slope of an indifference curve reflects
Q12: A budget constraint shows the bundles of
Q13: When goods are not easy to substitute
Q15: The budget constraints shows the different possible
Q16: An increase in income changes the slope
Q17: Indifference curves can be used to rank
Q18: The rate at which a consumer is
Q19: A consumer who chooses to consume at
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