Compare the slope of the budget line and slope of the indifference cur – InterviewSolution

1.	Compare the slope of the budget line and slope of the indifference curve.
Answer» The slope of the indifference curve shows the rate at which the consumer is willing to substitute with others. Here the substitution is in terms of satisfaction. The slope of the budget line shows the rate at which a consumer is able to substitute our good for others. Here the substitution is in terms of price.

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