Which of the Following Is NOT a Type of Noncompensatory

question 58

Multiple Choice

Which of the following is NOT a type of noncompensatory rule?

• A) lexicographic rule
• B) conjoint rule
• C) disjunctive rule
• D) conjunctive rule

---

Definitions:

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in a market, leading to market stability.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price.

Demand Equation

A mathematical representation that describes the relationship between the quantity of a good or service demanded and its price, along with other factors like income and prices of related goods.

Supply Equation

A mathematical representation of the relationship between the quantity of a good supplied by producers based on various factors, including price.