Multiple Choice
Use the figure below to answer the following question. 
Figure 9.2.4
-Refer to Figure 9.2.4.Rashid buys only books and CDs.The figure shows his preferences.Rashid's indifference curves ________ display diminishing marginal rate of substitution because ________.
A) do;Rashid is indifferent between consuming 6 CDs and 2 books and consuming 2 CDs and 3 books
B) do not;the magnitude of the slope of both indifference curves decreases as Rashid consumes more CDs and fewer books
C) do not;Rashid is indifferent between consuming 6 CDs and 2 books and consuming 2 CDs and 3 books
D) do;the magnitude of the slope of both indifference curves decreases as Rashid consumes more CDs and fewer books
E) do;the price of a CD decreases as Rashid increases the quantity he buys
Correct Answer:
Verified
Correct Answer:
Verified
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