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Question. At the point of consumer …

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Question. At the point of consumer equilibrium marginal rate of substitute should be diminishing. (state that weather above statement is true or false give reason)

    • Posted by Sajal Agarwal 7 years, 1 month ago

    CBSE > Class 12 > Economics
    • 1 answers

    Kanu Singh 7 years, 1 month ago

    It is true. MRS should be diminishing i.e The indifference curve should be convex to the origin to be at equilibrium.

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