The fact that the price of diamonds is higher than the price of water:
A. can be explai...
Business, 03.03.2020 02:11 scastillo8
The fact that the price of diamonds is higher than the price of water:
A. can be explained as the outcome of a consumer optimum in consumer choice theory.
B. cannot be explained by behavioral economics or consumer choice theory.
C. is an outcome of irrational behavior in consumer choice theory.
D. can be explained only by behavioral economics but not by consumer choice theory.
Answers: 2
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