JAMB - Economics (2015 - No. 36)
The information that rank a consumer preferences is given by
Scale of preference
Indifference map
Demand schedule
Supply schedule
Erläuterung
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.