Business, 02.04.2021 02:50, Ciarrathereal

Suppose a consumer moves up and to the left along an indifference curve from point A to point B. If the consumer gives up one unit of X (on the horizontal axis), but only requires a small amount of good Y (on the vertical axis) to compensate, then what can we say about the marginal rate of substitution and the slope of the indifference curve between points A and B

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Suppose a consumer moves up and to the left along an indifference curve from point A to point B. If...