(a)he is able to fulfil his need with a given level of income
(b)he is able to live in full comforts with a given level of income
(c)he can fulfil his needs without consumption of certain items
(d)he is able to locate new sources of income
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Class 12Theory of Consumer Behaviour— NCERT Economics, Chapter 2. A consumer must choose how to spend a limited income on goods; her best choice depends on her preferences and on what she can afford. Cardinal analysis measures utility…
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