Do indifference curves representing perfect complements violate the non satiation assumption?

1 answer

Answer

1079798

2026-06-02 07:40

+ Follow

Perfect complements satisfy a related assumption of monotonicity (more of everything is better) but neither local nonsatiation (either more or less of anything is better) or strong monotonicity (more of anything is better). Note that in the common example of left shoe/right shoe, goods are not continuous (infinitely divisible), thus local nonsatiation may not even apply (a change can't be an arbitrary constant but discrete).

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.