Which of the following are examples of situations in which the standard model of the consumer may not be realistic?
A) Impulse purchases
B) Following fads and fashions instead of one's own preferences
C) Addictions or other strong habits in consumption
D) all of the above

Question

Quizplus · Accepted Answer

All of the given situations go against the assumptions of the standard model of the consumer, which assumes that consumers make rational decisions based on their preferences and the available information. Impulse purchases are made without considering all available information, following fads and fashion may not align with one's preferences, and addictions or strong habits in consumption may indicate a lack of self-control.

Which of the Following Are Examples of Situations in Which