Preferences can be described as
A) what a person likes and dislikes.
B) the income opportunities of several activities.
C) feasible consumption combinations.
D) the relative prices of goods and services.

Question

Quizplus · Accepted Answer

Preferences refer to the likes and dislikes of a person. It is a subjective evaluation that individuals make about different aspects or characteristics of the alternatives available to them. It is not related to income opportunities, consumption combinations, or relative prices of goods and services.

Preferences Can Be Described as