Economy, asked by Rickyanthony2169, 11 months ago

Explain the revealed preference theory of demand.

Answers

Answered by khushi769

1

Hey!!

The Revealed Preference Theorywhich has been put forward by Paul Samuelson seeks to explainconsumer's demand from his actual behaviour in the market in various price-income situations. ... In other words, revealed preference theory regards utilities to be merely comparable and not quantifiable.

Previous Question

Next Question

Similar questions

English, 6 months ago

she was a very clever ( identify the tense)...

Business Studies, 6 months ago

Choose the correct answer. Each question carries 1 mark. 1x10 = (10 Marks) 1. According to Henry Fayol, the primary functions of management process are: (a) 4 (b) 6 (c) 8 (d) 10. 2. Principles of administration enunciated by Henry Fayol are: (a) 14 (b) 10 (c) 6 (d) 4. 3. According to George R. Terry, the types of planning are: (a) 8 (b) 6 (c) 4 (d) 2. 4. Planning is: (a) Necessary (b)...

English, 6 months ago

rahul_(fall) from the stairs. We must take him to a doctor.

English, 11 months ago

Define indicator what are three types of indicators explain...

Biology, 11 months ago

Expand iczn and icbn. What role they play in nomenclsture?

Psychology, 1 year ago

Hey friends!!!! ☺ I'm back with another question. ✌ What's true friendship? ✌ ✔ Proper content quality answer needed. ✔ ❎ Spamming not allowed ❎...

Math, 1 year ago

find how MANY five digit natural number are divisible by 5...

English, 1 year ago

Learn the pome _____heart ( fill in the blanks with preposition)...