Question:medium

Sequence the following theories/concept earliest to latest: A. Ordinal Utility, B. Cardinal Utility, C. Revealed Preference, D. Slutsky decomposition, E. Modern behavioural economics.

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Consumer theory generally moves from cardinal utility to ordinal utility, then to revealed preference and modern behavioural approaches.
Updated On: May 22, 2026
  • A, B, C, D, E
  • A, B, D, C, E
  • A, D, B, C, E
  • B, A, C, D, E
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The Correct Option is D

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