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Title: According to John Kenneth Galbraith, the theory of consumer demand is based on the following broad assumption(s)

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Q:

 

According to John Kenneth Galbraith, the theory of consumer demand is based on the following broad assumption(s): I.          Socialism will work in all societies because consumers are willing to share their wealth. II.         The urgency of wants does not diminish as more of them are satisfied. III.       Wants originate in the personality of the consumer.

Answer

 

I only

 

I and II

 

III only

 

II and III

 


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Title: According to John Kenneth Galbraith, the theory of consumer demand is based on the following broad assumption(s)

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    • Posted Date: May 26, 2012 at 11:36:06 AM

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...to John Kenneth Galbraith, the theory of consumer demand is based on the following broad assumption(...
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