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If the slope of the indifference curve between goods X and Y is steeper than the slope of the budget line, and X is on the horizontal axis:
the consumer is willing to give up more of good Y to get an additional unit of good X than is necessary under the current market prices.
MRS < PX/PY.
MRS < -PX/PY.
the consumer is willing to give up more of good X to get an additional unit of good Y than is necessary under the current market prices.
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