The rate at which a consumer is prepared to exchange goods X and Y, holding the level of satisfaction constant is called as _____
CA Foundation · Business Economics · PYQS · May 2025
The rate at which a consumer is prepared to exchange goods X and Y, holding the level of satisfaction constant is called as _____
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. Marginal rate of substitution
Topics: Theory of Demand and Supply
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