Preferences depend on
A) relative prices but not income.
B) income but not relative prices.
C) neither relative prices nor income.
D) both relative prices and income.

Name: Preferences depend on A) relative prices but not income. B) income but not relative prices. C) neither relative prices nor income. D) both relative prices and income.
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Question

Quizplus · Accepted Answer

Preferences are determined by individual tastes and desires, which are independent of both relative prices and income.

Preferences Depend on