A preference map is
A)a series of points that represent levels of equal satisfaction.
B)a series of demand curves.
C)a series of supply curves.
D)a map that shows contour lines.
E)a series of indifference curves.

Question

Quizplus · Accepted Answer

A preference map is a graphical representation of a consumer's preferences for different combinations of goods or services. Indifference curves on the map show combinations of goods that provide the same level of satisfaction to the consumer. Therefore, option E is the correct answer as it mentions the series of indifference curves which represent the consumer's preference.

A Preference Map Is