Multiple Choice
If the slope of the budget line is steeper than the slope of the indifference curve,and X is on the horizontal axis:
A) the consumer is willing to give up more of good X to get an additional unit of good Y than is necessary under the current market prices.
B) MRS > PX /PY.
C) MRS = −PX /PY.
D) the consumer is willing to give up more of good Y to get an additional unit of good X than is necessary under the current market prices.
Correct Answer:

Verified
Correct Answer:
Verified
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