Diminishing MRS means:

(A) Consumer wants to give up lesser units of Y in exchange for good X
(B) Consumer wants to give up more units of Y in exchange for good X
(C) Consumer wants to give up same units of Y in exchange for good X
(D) None of the above

Related Posts 👇

  • Market demand curve for a commodity is?

    (A) Horizontal summation of the individual demand curve for the commodity;
    (B) Summation of individual demand curve for 3 years;
    (C) Demand curve of complementary goods
    (D) Demand curve of supplementary goods

Leave a Reply

Your email address will not be published.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