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What is monotonic preferences

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What is monotonic preferences

    • Posted by Anurag Patidar 6 years, 11 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Aditya Sharma 6 years, 11 months ago

    Its a term used in Micro- economics, which means that a rational consumer will always choose a commodity which gives him maximum satisfaction, and he wants to buy that commodity only, until and unless he approaches his equilibrium point...

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