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Harry Tells You That He Prefers Irn- BruTM to TangoTM

Question 56

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

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