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The information that rank a consumer preferences is given...

The information that rank a consumer preferences is given by

A.

Scale of preference

B.

Indifference map

C.

Demand schedule

D.

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.