At any point on an indifference curve,the slope indicates:
A) the market rate of substitution between the two goods.
B) the way the consumer's budget is allocated between the two goods.
C) how the total satisfaction of the consumer changes with different market baskets.
D) None of the preceding statements is correct.

Question

Quizplus · Accepted Answer

The slope of an indifference curve at any point indicates the marginal rate of substitution (MRS) between two goods, which is the rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility. None of the provided options accurately describe this concept.

At Any Point on an Indifference Curve,the Slope Indicates