At any point on an indifference curve, the slope of the curve measuresthe consumer'sa. income.b. willingness to trade one good for the other.c. perception of the two goods as substitutes or complements.d. elasticity of demand.
At any point on an indifference curve, the slope of the curve measuresthe consumer'sa. income.b. willingness to trade one good for the other.c. perception of the two goods as substitutes or complements.d. elasticity of demand.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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At any point on an indifference curve, the slope of the curve measures
the consumer's
a. income.
b. willingness to trade one good for the other.
c. perception of the two goods as substitutes or complements.
d. elasticity of demand.
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