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MICROECONOMICS CH : 4 CONSUMER'S EQUILIBRIUM INDIFFERENCE CURVE ANALYSIS — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 4 CONSUMER'S EQUILIBRIUM INDIFFERENCE CURVE ANALYSIS1 Mark
Question
Slope of indifference curve shows MRS
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Answer

True.
The slope of an indifference curve shows the rate at which the consumer is willing to substitute one commodity for the other. Or, it shows the MRS.

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