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kozerog [31]
3 years ago
15

Preferences are characterized generally by: A. income. B. consumption bundles. C. indifference curves. D. budget constraints.

Business
1 answer:
damaskus [11]3 years ago
4 0

Answer:

B. consumption bundles

Explanation:

Customer preference is defined as the likes and dislikes that a customer has that determines his choice in making purchases.

For exams a customer may want to buy shoes that are black in colour, but shoes that are yellow in colour are ignored.

Preferences of buyers are independent not prices and income level.

Rather it is dependent on consumption bundle. That is the set of goods that will give highest satisfaction to the buyer.

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