Question

What is monotonic preference?

Answer 1

Hello there...!!!

Monotonic preference refer to those preference in which a consumer always prefers the bundle having either more of both goods or more of at least one and no less than other bundles.

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Answer 2

HEYA!!!


HERE IS YOUR ANSWER,


> Consumer's preferences are said to be monotonic if, he/she prefers those consumption bundles which have at least more of one good and no less of the other good than other consumption bundles.


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