Option 1: Monotonic Preference -> This is the correct definition of monotonic preferences in consumer theory. Monotonicity assumes that 'more is better' - if a bundle has at least as much of every good and strictly more of at least one good compared to another bundle, then it is strictly preferred. This axiom ensures that indifference curves are downward sloping and consumers always prefer bundles with greater quantities. -> correct
"If and only if between any two bundles, the consumer prefers the bundle which has more of at least one of the goods and no less of the other good as…
CUET UG 2025 — Economics Micro
2025mcqmedium
"If and only if between any two bundles, the consumer prefers the bundle which has more of at least one of the goods and no less of the other good as compared to the other bundle". Such preferences are known as
Official previous-year question
Held on 16 May 2025 · Verified 13 Jul 2026.
Options
- A
Monotonic Preference.
- B
Structured Preferences.
- C
Sequential Preferences
- D
Irregular Preferences.
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