Which one is not a assumption of the theory of demand based on analysis of indifference curves ........

Economics- Phase (I & II) Consumption Function

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Which one is not a assumption of the theory of demand based on analysis of indifference curves?

Given scale of preferences as between different combinations of two goods

Diminishing marginal rate of substitution

Constant marginal utility of money

Consumers would always prefer more of a particular good to less of it, other things remaining the same

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Explanation:

Constant marginal utility of money is not a assumption of the theory of demand based on analysis of indifference curves. An indifference curve is a graph that shows a combination of two goods that give a consumer equal satisfaction and utility, thereby making the consumer indifferent.