The number of units of the good on the horizontal axis that we are willing to give up to get one more unit of the good on the vertical axis is equal to the absolute value of the slope of the indifference curve.
Answer the following statement true (T) or false (F)
False
Rationale: The slope of the indifference curve gives us the number of units of the good on the vertical axis that we are willing to give up to get one more unit of the good on the horizontal axis.
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