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Theory Of Consumer Behaviour
Question
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Suppose a consumer's preferences are monotonic. What can you say about his preferences ranking over the bundles (10, 10), (10, 9) and (9, 9)?

Answer

(i)    The consumer will prefer bundle (10, 10) to the other two bundles (10, 9) and (9, 9).
(ii)    Between the other two bundles, he will prefer bundle (10, 9) to bundle (9, 9).

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