If two bundles are on the same indifference curve, they:

Group of answer choices

Both have the same marginal utility for x and the same marginal utility for y.

Both give a consumer the same level of utility.

With a fixed budget, the consumer can afford to buy both bundles.

Both cost the same amount.

Elasticity measures:

Group of answer choices

sensitivity of price to a change in quantity.

the inverse of the slope of a demand curve.

the percentage change in one variable in response to a one percent increase in another variable.

the slope of a demand curve.