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12th CBSE
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What do you mean by 'monotonic preference' ?

Important Questions on Theory of Consumer Behaviour
EASY
12th CBSE
IMPORTANT

MEDIUM
12th CBSE
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EASY
12th CBSE
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HARD
12th CBSE
IMPORTANT
Suppose there are two consumers in the market for a good and their demand functions are as follows:
d(p)= -p for any price less than or equal to , d(p)= at any price greater than .
d(p)= -p for any price less than or equal to , d(p)= at any price greater than .
Find out the market demand function.

HARD
12th CBSE
IMPORTANT
Suppose there are consumers for a good and they have identical demand functions:
for any price less than or equal to and at any price greater than .
What is the market demand function?

HARD
12th CBSE
IMPORTANT
p | d | d |

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12th CBSE
IMPORTANT

EASY
12th CBSE
IMPORTANT
