The rate at which the consumer is able to substitute one good for the other in the market is indicated by Option 1: Slope of Indifference curve. Option 2: Slope of Budget line. Option 3: Slope of consumer selection. Option 4: Marginal rate of substitution.

The answer is 'Slope of Budget line.'. View full solution:

CUET Economics - The rate at which the consumer is able to substitute one good for the other in the market is indicated by | PYQs + Solutions

CUET Economics 2025 22 May Shift 2

Micro

Medium

Slope of Indifference curve.

Slope of Budget line.

Slope of consumer selection.

Marginal rate of substitution.

✅ Correct Option: 2