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    Which of the following statements is incorrect?

    Options :-

    1. An indifference curve slopes downward to the right.
    2. The assumption of diminishing MRS implies that the slope of the indifference curve must be decreasing from left to right.
    3. The elasticity of substitution between two goods to a consumer is zero.
    4. The total effect of a change in the price of a commodity on its quantity demanded is called the price effect.
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