Which one of the following statements is true about the indifference curves for two goods that are close but not perfect substitutes?

Question

Accepted Answer

The marginal rate of substitution decreases as more of the good measured on the  x -axis and less of the good measured on the  y -axis are consumed.

Answer

The marginal rate of substitution is negative.

Answer

The indifference curves are L-shaped.

Answer

The marginal rate of substitution is constant.

Answer

The indifference curves are negatively-sloped straight lines.

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