Which of the following factors is always present in consumer decision making?
A)Taxes
B)High prices
C)Scarcity
D)Changing consumer tastes
E)Cost-of-living adjustments to income

Question

Quizplus · Accepted Answer

Scarcity is always present in consumer decision making because consumers have limited resources (such as time and money) and must make choices about how to allocate them among competing needs and wants. While factors such as taxes, prices, changing tastes, and cost-of-living adjustments may influence consumer decision making, they are not always present and can vary depending on the individual consumer and the specific decision being made.

Which of the Following Factors Is Always Present in Consumer