The information that rank a consumer preferences is given by

  • A Scale of preference
  • B Indifference map
  • C Demand schedule
  • D Supply schedule
jamb 2015economics

The correct answer is A. Scale of preference

The correct answer is A

An indifference map represents different quantities of two goods between which a consumer is indifferent. this means that, the consumer has no preference for one combination or bundle of goods over a different combination.

While scale of preference refers to the arrangement or ranking of a consumer wants in the order of imortance or urgency.

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