A Situation Where a Consumer Says He Does Not Know

question 68

Multiple Choice

A situation where a consumer says he does not know his preference ordering for bundles X and Y would violate the property of:

• A) more is better.
• B) completeness.
• C) substitutability.
• D) complementarity.

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Definitions:

Obsessive-compulsive Disorder

A mental disorder characterized by uncontrollable, reoccurring thoughts (obsessions) and behaviors (compulsions) an individual feels compelled to repeat.

Panic Disorder

A mental health condition characterized by sudden and recurrent panic attacks, often with no obvious trigger.

Agoraphobia

An anxiety disorder characterized by an intense fear of being in places where escape might be difficult or that help wouldn't be available if things go wrong.

Trichotillomania

An impulse control disorder characterized by a recurrent, irresistible urge to pull out one's own hair.