devesh prajapati profile image 61

Do u think that cardinal utility approach is better then that of ordinal utility approach?


 

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dragonflycolor says

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3 years ago
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    devesh prajapati 3 years ago

    One more thing that, If consumer is in equilibrium position but the price of first commodity will decrease then what will happen? Do the consumer reduce demand for second commodity? for any approach Quantitative Or Qualitative .