When is a consumer said to be rational?
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A consumer is said to be'rational' when he aims at maximizing his utility from the consumption of the given commodity within his money income.
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Roopeshpatel:
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☆hey!
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☆Rational consumers are those who make logical choices while buying products. They don’t just purchase based on price.
☆ For example:-
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if a product is discounted but does not offer much value then the rational consumer will not buy.
☆hope help u!
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