If a consumer is unable to compare two baskets, then this consumer's preferences violate which of the following key assumptions?
A)Completeness.
B)Transitivity.
C)More is better.
D)Both completeness and transitivity.

Question

Quizplus · Accepted Answer

Completeness is a key assumption that states a consumer can compare any two bundles and determine that one is preferred to the other, or that they are equally preferred. If a consumer cannot compare two baskets, it means their preferences do not satisfy the completeness assumption.

If a Consumer Is Unable to Compare Two Baskets, Then