Hos do indifference curves relate to substitute goods?

Indifference curve of the substitutes are sloping downward with the constant Marginal Rate of Substitution.

The Indifference curve of the substitutes are downward sloping with constant Marginal Rate of Substitution ( i.e the amount of units sacrificed for a commodity “say X” to get an additional unit of another commodity “say Y” is always same/constant).
NOTE:
The shape of the normal indifference curve is bowed inwards towards origin and have diminishing Marginal Rate of Substitution.

Posted in Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>