A more realistic theory than the traditional theory of consumer behavior would:

Question

Quizplus · Accepted Answer

A more realistic theory of consumer behavior would take into account not only the individual's preferences and budget constraints but also the context in which they are making decisions, as well as the fairness of the economic transaction. It may also introduce rules of thumb or heuristics to explain complex behavior that the basic theory cannot fully capture. Therefore, the best choice is D, which includes all of these components.

A More Realistic Theory Than the Traditional Theory of Consumer