(a) we don’t need to attach “util” values to consumption
(b) consumer can attain higher utility
(c) it takes into account how much income the household has
(d) demand is more sensitive to price changes
(a) we don’t need to attach “util” values to consumption
(b) consumer can attain higher utility
(c) it takes into account how much income the household has
(d) demand is more sensitive to price changes