Explain this assumption of indifference curve; habits and preferences

1.	Explain this assumption of indifference curve; habits and preferences remains unchanged.
Answer» Answer: The assumptions of the ordinal theory are the FOLLOWING: (4) The PRICES of the two goods are given. (5) The consumer's tastes, habits and income remain the same throughout the analysis. (6) He prefers more of X to less of Y or more of Y to less of X. (7) An indifference curve is negatively inclined sloping downward. Hope this is helpful for you

Explain this assumption of indifference curve; habits and preferences remains unchanged.

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Answer:

The assumptions of the ordinal theory are the FOLLOWING: (4) The PRICES of the two goods are given. (5) The consumer's tastes, habits and income remain the same throughout the analysis. (6) He prefers more of X to less of Y or more of Y to less of X. (7) An indifference curve is negatively inclined sloping downward.

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Explain this assumption of indifference curve; habits and preferences remains unchanged. ​

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Explain this assumption of indifference curve; habits and preferences remains unchanged.