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A consumer consumes only two commodities, X and Y. Imagine this consumer’s downward sloping demand curve...

A consumer consumes only two commodities, X and Y. Imagine this consumer’s downward sloping demand curve for commodity X, with price on vertical axis and quantity of X consumed on horizontal axis. Imagine two points on this demand curve, with point B falling to the right and lower than point A.

Question 9 options:

MRSxy is the same at A and B points
MRSxy is less at B than at A

B represents higher utility than A.

Both a) and b) are correct

Both b) and c) are correct
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