The slope of an indifference curve reflects the consumer's willingness to exchange one commodity for another.

Question

Quizplus · Accepted Answer

The slope of an indifference curve represents the rate at which the consumer is willing to trade one good for another while maintaining the same level of satisfaction. A steeper slope indicates a greater willingness to trade, while a flatter slope indicates a lower willingness to trade.

The Slope of an Indifference Curve Reflects the Consumer's Willingness