A child indicates that she prefers going to the zoo over the park and prefers going to
Question:
A child indicates that she prefers going to the zoo over the park and prefers going to the beach over the zoo. When given the choice between the park and the beach, she chooses the park. Which of the following assumptions of consumer preference theory is she most likely violating?
A. Nonsatiation
B. Complete preferences
C. Transitive preferences
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Step by Step Answer:
C Transitive preferences In consumer preference theory transiti...View the full answer
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Related Book For 
Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
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