Question

wht is monotonic preferance with any one example. ???
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Answer 1

Explanation:

Monotonic preferences would mean that even if price of one good increases, he would not buy any less of the other good in the consumption bundle. This is because (2,2) is obviously greater than (1,2).

Answer 2

Answer:

Monotonic preferences would mean that even if price of one good increases, he would not buy any less of the other good in the consumption bundle. This is because (2,2) is obviously greater than (1,2).