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Which of the following statements best describes the idea of a “consumption vocabulary.”


A. People who have a larger vocabulary consume more 
B. Consumption of a vocabulary falls prey to the same decision principles as consumption in any other domain 
C. Providing people with names for relevant attributes in a product category allows them to learn and articulate preferences, and to make better choices in the future 
D. None of the above statements describe the idea of a consumption vocabulary. 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M993485

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