A consumer’s preferences are monotonic if and

Q37) A consumer’s preferences are monotonic if and only if between two bundles, the consumer prefers the bundle which has ____

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Solution:
A consumer's preferences are said to be monotonic if and only if between two bundles, the consumer prefers the bundle which has option (d) "more of at least one of the goods and no less of the other good".

In other words, a consumer's preferences are monotonic if they always prefer more of at least one good and no less of any other good.

For example, if a consumer prefers bundle A to bundle B, then they must prefer any bundle that contains more of at least one good and no less of any other good than bundle A.
Correct option is (d)

C A foundation Economics Paper4 Part I Questions for practice