The rate at which consumer is willing to substitute one good for another is represented by ________. Option 1: Marginal rate of transformation. Option 2: Slope of indifference curve. Option 3: Price Ratio. Option 4: optimum choice of the consumer.

The answer is 'Slope of indifference curve.'. View full solution:

CUET Economics - The rate at which consumer is willing to substitute one good for another is represented by ________. | PYQs + Solutions

CUET Economics 2025 30 May Shift 1

Micro

Easy

Marginal rate of transformation.

Slope of indifference curve.

Price Ratio.

optimum choice of the consumer.

✅ Correct Option: 2