Economy, asked by sturyy3, 4 months ago

What do you understand by the cardinal utility analysis? How can the consumer's equilibrium be explained with the help of this analysis?

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Answered by PrincessTeja

0

Answer:

Consumer's Behaviour: Cardinal Utility Analysis (Explained With Diagram) ... Cardinal utility analysis is the oldest theory of demand which provides an explanation of consumer's demand for a product and derives the law of demand which establishes an inverse relationship between price and quantity demanded of a product

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