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Title: As you move up an indifference curve, the absolute value of the slope Post by: nursemegan on Apr 27, 2019 Question 1. Assume Sally is initially in equilibrium and that X and Y are normal goods for her. Then the price of X rises. For Sally to move to a new equilibrium point, her consumption of ▸ X must remain constant, but her consumption of Y must increase. ▸ X must decrease. ▸ X must increase. ▸ both X and Y must increase. Question 2. As you move up an indifference curve, the absolute value of the slope ▸ increases. ▸ decreases. ▸ remains constant. ▸ initially increases and then decreases. Title: As you move up an indifference curve, the absolute value of the slope Post by: peaceout3000 on Apr 27, 2019 Content hidden
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