Question

    Identify the order of chronological development of the theory of demand.

    a. Marshall’s theory of demand

    b. Indifference curves

    c. Revealed preference theory

    d. Weak Preference ordering theory of demand.

    Codes:

    A a, c, d, b Correct Answer Incorrect Answer
    B d, b, a, c Correct Answer Incorrect Answer
    C a, c, b, d Correct Answer Incorrect Answer
    D a, b, c, d Correct Answer Incorrect Answer
    E a, d, c, b Correct Answer Incorrect Answer

    Solution

    A,b,c,d

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