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If a consumer has monotonic preference,can …

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If a consumer has monotonic preference,can he/she be indifferent between bundles with (10,8),(8,6)?why?

    • Posted by Devasri Sri 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Chesta Pawan Manchanda 7 years ago

    Consumer will buy first bundle (10,8) because in monotonic preference consumer is thinking that he get maximum satisfaction when he get more commodities at similar price.

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