Download App

Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour1 Mark
Question
What is meant by monotonic preferences?
✓

Answer

Monotonic preferences refers to a situation when consumption increases total utility also increases alongwith.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Theory of consumer behaviour→Theory of consumer behaviour — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Which type of science is economics?
→
If price elasticity of demand for a product is equal to one, what will be the nature of its demand curve?
→
Define microeconomics.
OR
Give the meaning of microeconomics.
→
Define Marginal Rate of Trans formation (MRT).
→
What is the slope of budget line?
→
What do you mean by homogenous product?
→
Define marginal revenue.
→
What do you understand by positive economic analysis?
→
What are advertising costs?
→
What does the upward sloping supply curve indicate?
→