Derivation of the demand curve in revealed preference theory on samuelson
Answers
Answered by
0
please give me answer
Answered by
0
Answer:
As per Professor Samuelson, the demand of a commodity depends on the choices that revel the preferences.
It can be said that a consumer buys two combined goods as they are cheaper than others or the consumer likes the combination of the products.
If good x is plotted in X axis and good Y is plotted in Y axis of a graph the area covered reveals the inferiority of the choices.
Similar questions
English,
7 months ago
Math,
7 months ago
Math,
1 year ago
Biology,
1 year ago
Environmental Sciences,
1 year ago