Consumers' preferences are described by
A) relative prices.
B) household income.
C) indifference curves.
D) budget lines.

Name: Consumers' preferences are described by A) relative prices. B) household income. C) indifference curves. D) budget lines.
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Question

Quizplus · Accepted Answer

Indifference curves represent consumers' preferences, showing combinations of goods or services among which a consumer is indifferent.

Consumers' Preferences Are Described by