English

__________ means that a rational consumer always prefers more of a commodity as it offers him a higher level of satisfaction.

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Question

__________ means that a rational consumer always prefers more of a commodity as it offers him a higher level of satisfaction.

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Solution

Monotonic preference means that a rational consumer always prefers more of a commodity as it offers him a higher level of satisfaction.

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Chapter 2: Consumer's Equilibrium - OBJECTIVE QUESTIONS [Page 2.42]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 2 Consumer's Equilibrium
OBJECTIVE QUESTIONS | Q 4. | Page 2.42
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