A 1215 B 1216C 11 15 D 1114 E 11 16 Which of the following s
A (12,15); B (12,16);C (11, 15); D (11,14); E (11, 16) Which of the following statements violates monotonicity? E A
Solution
Answer : D>C
This statement violates monotonicity preferences as it is clear that in this the preferences in choosing D over C is like choosing a very lesser value than the other which violates the rule or law of monotonicity preferences. So it clearly states that D>C violates monotonicity preferences.
