The information that rank a consumer preferences is given...
The information that rank a consumer preferences is given by
Scale of preference
Indifference map
Demand schedule
Supply schedule
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.
Which of the following is used by the Central Bank of Nigeria to control inflation? ...
Which of the following is a necessary prerequisite for trade by barter? ...
One reason why small scale businesses are very common in West Africa is that ...
For normal goods the income elasticity of demand is ...
Petroleum has the following positive contributions to the Nigerian economy except ...
Inflation may occur if there is ...
Which of the following is not an advantage of localization of industries? ...
Economics is the study of human behaviour as it relates to the ...