1.

Which one is not a assumption of the theory of demand based on analysis of indifference curves?

Answer»

 Constant marginal UTILITY of money



Constant marginal utility of money is not a assumption of the theory of demand BASED on ANALYSIS of indifference curves. An indifference curve is a graph that shows a combination of two GOODS that give a consumer equal satisfaction and utility, thereby making the consumer INDIFFERENT.



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