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    Principles of Economics
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    Exam 22: The Theory of Consumer Choice
  5. Question
    When Two Goods Are Perfect Substitutes, the Marginal Rate of Substitution
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When Two Goods Are Perfect Substitutes, the Marginal Rate of Substitution

Question 24

Question 24

Multiple Choice

When two goods are perfect substitutes, the marginal rate of substitution:


A) increases as the abundance of one good increases
B) increases as the scarcity of one good increases
C) decreases as the scarcity of one good increases
D) is constant

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