Economists usually assume that all consumers have the same tastes and preferences.

Name: Economists usually assume that all consumers have the same tastes and preferences.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Economists do not assume that all consumers have the same tastes and preferences. In fact, they recognize and study individual differences in preferences and how they affect consumer behavior in the market.

Economists Usually Assume That All Consumers Have the Same Tastes