The Revealed Preference Theory deduces the inverse price-quantity relationship from

The Revealed Preference Theory deduces the inverse price-quantity relationship from

Q. The Revealed Preference Theory deduces the inverse price-quantity relationship from:

A.           Assumption of indifference

B.            Postulate of utility maximization

C.            Observed behaviour of the consumer         

D.           Introspection

Answer: Observed behaviour of the consumer

Demand and Supply MCQs
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