Multiple Choice
Moving down along an indifference curve,
A) the price of the good measured on the vertical axis decreases.
B) total utility decreases.
C) the marginal rate of substitution for the good on the horizontal axis decreases.
D) the slope of the budget line decreases.
E) the consumer increasingly prefers the new consumption points to the old consumption points.
Correct Answer:

Verified
Correct Answer:
Verified
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