What is ordinal utility theory,by hicks -allen approach?and also explain the law of demand with this law?


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Amanda Wells answered
You can find a good overview of this theory here. If you read through this paper you will also find a discussion of the theory as it relates to the law of demand. For further material on this topic, you can type the key words 'ordinal utility theory hicks allen' in a search engine, and this will link you to a number of relevant articles, definitions and other useful material.

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