What does revealed preference theory based on

1.	What does revealed preference theory based on
Answer» Answer: Key Takeaways. Revealed preference, a theory offered by American ECONOMIST Paul Anthony Samuelson in 1938, states that consumer behavior, if their income and the item's price are held CONSTANT, is the best indicator of their preferences. Revealed preference theory works on the ASSUMPTION that consumers are rational. Explanation: I hope it helps you

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Key Takeaways. Revealed preference, a theory offered by American ECONOMIST Paul Anthony Samuelson in 1938, states that consumer behavior, if their income and the item's price are held CONSTANT, is the best indicator of their preferences. Revealed preference theory works on the ASSUMPTION that consumers are rational.

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What does revealed preference theory based on

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