Economy, asked by Nirainenjan, 11 months ago

What do you mean by 'monotonic preferences?

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Answered by Anonymous

Answer:

Monotonic preferences means the consumer preferences are such that greater consumption of a commodity always offers him a higher level of satisfaction.

Answered by Hɾιтհιĸ

Monotonic preferences means the consumer preferences are such that greater consumption of a commodity always offers him a higher level of satisfaction.

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