According to rational consumer choice, the optimal quantity of consumption for a good if the price decreases will result in decrease along with total utility.
A consumer is a person or group that is not directly engaged in business or commercial activities and who intends to order or use the purchased items, products or services primarily for personal, social or personal use. society, family or servants. This phrase is often used to describe someone making a purchase for their own use.
On March 15, 1962, President John F. Kennedy presented his definition of "consumer" before the United States Congress. "Consumers, by definition, include all of us," he said. This keynote inspired the development of World Consumer Rights Day, which is now being celebrated on 15 March.
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