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      Question

      Leontief Preferences are related

      to
      A Substitutes Correct Answer Incorrect Answer
      B Complements Correct Answer Incorrect Answer
      C Cobb Douglas Correct Answer Incorrect Answer
      D CES Function Correct Answer Incorrect Answer

      Solution

      Leontief utility functions represent complementary goods. A consumer with a Leontief utility function has the following properties: The preferences are weakly monotone but not strongly monotone: having a larger quantity of a single good does not increase utility, but having a larger quantity of all goods does.

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