How does a decrease in the price of good X affect the market rate of substitution between goods X and Y?
Note
How does a decrease in the price of good X affect the market rate of substitution between goods X and Y?Answer:It decreases.
How does a decrease in the price of good X affect the market rate of substitution between goods X and Y?
How does a decrease in the price of good X affect the market rate of substitution between goods X and Y?Answer:It decreases.