You're standing in a queue in the supermarket. You're bored. The person in front of you is paying for loads of food.
You feel hungry.
You buy the chocolate in the tray next to you.
You bought on impulse.
Economics assumes your actions are rational.
Does this mean Economics is based on a false assumption?
Have a read of these....
MCQ Walkthrough 9708/32 (India) (Q21 - Q30)
2 months ago