Question

LM curve represents the locus of all those combinations of y and i which satisfy \(\frac{M}{P} L(y, i)\) for given values of M and P. What is the value of \(\frac{dy}{di}\)?

• A. \(\frac{L'_i}{L'_y}\)
• B. \(\frac{L'_y}{L'_i}\)
• C. \(\frac{-L'_y}{L'_i}\)
• D. \(\frac{-L'_i}{L'_y}\)

Answer 1

The Correct Option is D

The correct answer is (D) : \(\frac{-L'_i}{L'_y}\)