Introspection is not the basis of :
A)Marshallian utility analysis
B)Indifference Curve Analysis
C)Revealed Preference Hypothesis
D)Demand Analysis

Question

Quizplus · Accepted Answer

The Revealed Preference Hypothesis, proposed by Paul Samuelson, is based on the observation of consumer behavior rather than introspection. It suggests that the preferences of consumers can be revealed by their purchasing habits, unlike the Marshallian utility analysis and Indifference Curve Analysis, which rely on the introspective assessment of utility or satisfaction. Demand Analysis can also involve introspection to some extent when it comes to understanding consumer preferences and behaviors.

Introspection Is Not the Basis of