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What else can I help you with?
A change in the slope of a budget line is solely the result of a change in?
A change in the slope of a budget line is solely the result of a change in the consumer preference between two goods (A&B) given the cosumer's money income.
What is the budget of Oklahoma Department of Consumer Credit?
The budget of Oklahoma Department of Consumer Credit is 1,900,000 dollars.
What is the budget of Financial Consumer Agency of Canada?
The budget of Financial Consumer Agency of Canada is 10.7 dollars.
What is the budget of California Department of Consumer Affairs?
The budget of California Board of Accountancy is 11,739,568 dollars.
How do you make questionnaire on consumer preference?
i donot know
What is consumer preference in Tagalog?
"Pabor ng konsyumer"
How does the principle of revealed preference differ to the more broad approach used in neoclassical consumer theory?
The principle of revealed preference focuses on observing consumers' choices to infer their preferences, suggesting that what people choose reveals their true preferences, regardless of their utility functions. In contrast, neoclassical consumer theory employs a broader approach that incorporates utility maximization, indifference curves, and budget constraints to model consumer behavior. While revealed preference relies solely on actual choices made in the marketplace, neoclassical theory also considers hypothetical scenarios and the underlying utility structure to explain consumer decision-making. Thus, revealed preference offers a more empirical perspective, whereas neoclassical theory is more theoretical and analytical.
What is difference between indifference curve and budget line?
budget line shows purchasing power of an consumer but indifference curve show willingness of consumer for two commodities.
What is monotonic preference?
monotonic preference means that a rational consumer always prefers more of a commodity as it offers him a higher level of satisfaction.
How is budget line useful in reaching consumer equilibrium?
Budget line helps the consumer to decide to purchase a particular combination that falls in his budget line although a different combination is more desirable as it will give more satisfaction level.
Changing consumer preference in retail questions?
i am doing thesis.so i want questions for this
An increase in the demand for gasoline today caused by concerns that gasoline prices will be higher tomorrow is most likely attributable to consumer expectations or consumer preferences?
consumer preference
