All of the following are assumptions about consumer behavior except:

Question

Quizplus · Accepted Answer

The correct assumptions about consumer behavior include complete preferences (consumers can rank their preferences), consistent consumers (consumers' choices are consistent over time), and nonsatiation (more is preferred to less). Relativity is not a standard assumption in consumer behavior theory, which typically focuses on individual preferences and choices rather than comparative or relative aspects.

All of the Following Are Assumptions About Consumer Behavior Except