An Economist Observes Two Consumers in a Supermarket

question 274

Multiple Choice

An economist observes two consumers in a supermarket.One of the consumers buys a case of Coca-Cola and the other buys a case of Pepsi-Cola.Both colas sell for the same price and the ages and incomes of the consumers are also the same.Based on this information, how would the economist explain the consumers' choices?

• A)One of the consumers made the wrong choice, but it is impossible to say which one.
• B)Both consumers should have considered buying other colas that had lower prices.
• C)Both consumers should have purchased less than a case because they would be able to buy more later.
• D)Apparently, the consumers had different tastes.

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Definitions:

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