A child indicates that she prefers going to the zoo over the park and prefers going to
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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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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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