Which of the following have economists and psychologists identified as types of puzzling consumer behavior?
A) Spending choices sometimes depend on the source of income.
B) The willingness to pay for a product sometimes is affected by irrelevant information.
C) Product choices are sometimes influenced by irrelevant alternatives.
D) all of the above

Question

Quizplus · Accepted Answer

Economists and psychologists have identified all of the above as types of puzzling consumer behavior. These behaviors include the tendency for spending choices to depend on the source of income, the influence of irrelevant information on willingness to pay for a product, and the effect of irrelevant alternatives on product choices.

Which of the Following Have Economists and Psychologists Identified as Types