Question: You need to answer any FOUR. questions in this section. Each question carries an equal weight. State explicitly whether the following statements are True, False

question carries an equal weight. State explicitly whether the following statements are

You need to answer any FOUR. questions in this section. Each question carries an equal weight. State explicitly whether the following statements are True, False or Uncertain. Please briefly justify your answer and use graphs when necessatry. 1. [10 marks] If consumers are irrational, less is better

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