Economics · Consumer Behaviour

Consumer rationality implies which of the following assumptions? A. Non-satiety of needs B. Transitivity of preferences C. Cardinal measurement D. Selfish economic motive E. Ordinal measurement Choose the correct answer from the options given below:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1A, C and E only
2A, B and D only✓
3C and D only
4A and B only

Correct answer

A, B and D only

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Consumer rationality implies which of the following assumptions? A. Non-satiety of needs B. Transitivity of preferences C. Cardinal measurement D. Selfish economic motive E. Ordinal measurement Choose the correct answer from the options given below:

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Consumer rationality implies which of the following assumptions? A. Non-satiety of needs B. Transitivity of preferences C. Cardinal measurement D. Selfish economic motive E. Ordinal measurement Choose the correct answer from the options given below:

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