The theory of consumer behavior is based on all the following assumption except that the?

By: |Published on: Aug 8|Categories: Economics WAEC| 0 comments

A. Consumer is assumed irrational
B. Consumer taste remains constant
C. Consumer has budget constraint
D. Consumer aims at maximizing his utility
E. Consumer is exposed to more than one commodity

Correct Answer:

Option A – Consumer is assumed irrational

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