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The Assumption That the Magnitude of the Slope of an Indifference

Question 63

Multiple Choice

The assumption that the magnitude of the slope of an indifference curve decreases moving to the right along the indifference curve is known as the assumption of


A) the price effect.
B) an increasing marginal rate of substitution.
C) a diminishing marginal rate of substitution.
D) an indifference curve effect.

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