Preferences are called monotonic when

the consumer likes both goods equallyCorrect answerYour answerthe consumer's tastes never changeCorrect answerYour answerprices never changeCorrect answerYour answera bundle with more of at least one good and no less of the other is preferredCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

Monotonic preferences mean more is better: a bundle with more of something, and less of nothing, ranks higher.

Concept: Monotonic preferences
Typical timeTypical: 70 s
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The rule this testsIndifference curves and MRS

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Preferences are called monotonic when

Explanation