Economics · Consumer Equilibrium

Which of the following is an assumption of consumer's equilibrium in demand theory?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1All of the above✓
2Rationality of the consumer aiming for optimum satisfaction
3Consistency of choices
4Transitivity of choices

Correct answer

All of the above

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Which of the following is an assumption of consumer's equilibrium in demand theory?

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