A rational consumer tends to do all the following except
Answer Details
A rational consumer tends to do all of the following except buying more at a high price than at a low price.
A rational consumer is one who makes choices that maximize their satisfaction or utility while spending their income wisely. When it comes to purchasing goods and services, a rational consumer would choose to buy more when the price is low and less when the price is high. This is in accordance with the law of demand, which states that as the price of a good or service increases, the quantity demanded decreases, and vice versa.
In other words, a rational consumer would choose to buy more of a good or service when the price is lower because they can obtain more satisfaction or utility per unit of money spent. Conversely, when the price is higher, they will buy less because the satisfaction or utility per unit of money spent is lower.
Therefore, a rational consumer would not buy more at a high price than at a low price because it would not be in their best interest to spend more money for less satisfaction or utility.