When a consumer's own actions cannot attain a more preferred situation, she faces a(n):
A)unfair system.
B)equilibrium.
C)coercive arrangement.
D)unconstitutional rule.

Question

Quizplus · Accepted Answer

When a consumer cannot attain a more preferred situation by their own actions, it means that the market is in equilibrium. This is because the consumer's preferences are balanced with the available choices and prices in the market, resulting in a situation where no further improvements can be made. The other options (A, C, and D) do not apply in this context.

When a Consumer's Own Actions Cannot Attain a More Preferred