Multiple Choice
Harry tells you that he prefers Irn- bruTM to TangoTM, TangoTM to StrongbowTM and StrongbowTM
To Irn- bruTM. This violates what assumption made when analysing consumer preferences?
A) That consumers are able to choose among all the combinations of goods and services available
B) That there is a diminishing marginal rate of substitution
C) That consumers are rational
D) That more is better
Correct Answer:

Verified
Correct Answer:
Verified
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