If a Consumer Is Unable Two Compare Two Baskets,then This

question 10

Multiple Choice

If a consumer is unable two compare two baskets,then this consumer's preferences violate which of the following key assumptions?

• A) Completeness.
• B) Transitivity.
• C) More is better.
• D) Both completeness and transitivity.

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Definitions:

Burden

A heavy load, often referring to the impact or cost of something on individuals or society.

Buyers

Individuals or entities that purchase goods or services for personal use or for the purpose of reselling.

Sellers

Individuals or entities that offer products or services for sale to buyers in a marketplace.

Tax

A compulsory financial charge or other levy imposed by a government on individuals or businesses to fund various public expenditures.