What do economists assume about consumer behavior?
Economic Assumptions Quiz

Quiz
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Other
•
12th Grade
•
Medium
maham ali rana
Used 20+ times
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15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumers do not consider their budget
Consumers always behave irrationally
Consumers always behave based on clear thought
Consumers are influenced solely by advertising
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of consumers according to economic assumptions?
To support local businesses
To maximize their benefit
To minimize their spending
To follow trends
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a consumer has a budget of 500 dhs, what is a rational behavior?
Buying the most expensive item
Buying randomly
Ignoring the budget
Buying items based on preference
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do businesses aim to maximize according to economic assumptions?
Employee happiness
Profit
Market share
Customer satisfaction
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When setting prices, what do businesses typically do?
Charge the lowest price possible
Charge the highest price the market can bear
Charge based on competitor prices only
Charge a random price
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a reason consumers may not maximize their benefit?
They always have complete information
They develop brand loyalty
They prefer to buy the cheapest item
They are always rational
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can influence a consumer's buying behavior?
Economic conditions
Brand history
Peer pressure
Only personal preferences
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