Q578
Which one of the following is not an assumption of the theory of revealed preference developed by P. A. Samuelson?
A.
There is transitivity in consumer's preferences
B.
There is consistency of choice in consumer's behaviour
C.
Consumer always behaves rationally to maximise his satisfaction from a given income
AnswerD.
Consumer prefers a combination of more goods to less in any situation
Answer: Option C
Solution
Answer: Option C
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