When Two Goods Are Perfect Substitutes, the Marginal Rate of Substitution

question 24

Multiple Choice

When two goods are perfect substitutes, the marginal rate of substitution:

• A)increases as the abundance of one good increases
• B)increases as the scarcity of one good increases
• C)decreases as the scarcity of one good increases
• D)is constant

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Definitions:

Cancer Of The Blood Vessels

A rare form of cancer that affects the lining of the blood vessels, also known as angiosarcoma.

Invasive Cervical Cancer

A form of cervical cancer that has spread from the surface of the cervix to tissue deeper in the cervix or to other parts of the body.

Highly Contagious

Refers to diseases or conditions that can be easily and rapidly spread from one individual to another through direct contact or proximity.

Terminal Illness

A disease or condition that is deemed incurable or irreversible and is expected to result in the death of the patient within a relatively short period of time.