Value of T

[arifjama...@gmail.com]

Hi,

I have a question about what is happening in this video at 00:12:30 -

http://www.youtube.com/watch?v=n9NK8_O4cBI#t=750s.

How taste pattern is quantified? How to put the value of the taste pattern in the demand function?.

Thanks!

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Reference Key - Key('StudentQuestionEntity', 4960797552803840, namespace='ns_noc21_mg90')

[NOC21 MG90]

Dear Learner,

Taste enters demand function like preferences, if one liked A more than B or in way one has taste for A. Therefore ,  demand for A will increase and its demand curve will therefore lie at a higher level.