Question

According to the limitations, how do habits and customs affect consumer choices?

पर्याय

• They always lead to the best use of money.

• They prevent consumers from following rational calculations.

• They have no effect on buying decisions.

• They increase marginal utility for every purchase.

Answer 1

They prevent consumers from following rational calculations.

Explanation:

Many people buy things because of habit or custom, not by comparing satisfaction or making rational choices.