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Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour1 Mark
MCQ
Consumer's equilibrium through indifference curve analysis is based on:
  • A
    Cardinal utility approach.
  • ✓
    Ordinal utility approach.
  • C
    Money utility approach.
  • D
    Both $(a)$ and $(b).$
✓

Answer

Correct option: B.
Ordinal utility approach.

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