Economists derive inferences about utility based on:
A) consumer behavior.
B) supply and demand.
C) price.
D) surplus and shortage.

Name: Economists derive inferences about utility based on: A) consumer behavior. B) supply and demand. C) price. D) surplus and shortage.
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Economists derive inferences about utility primarily based on consumer behavior, as it reflects preferences, choices, and the satisfaction or utility derived from consuming goods and services.

Economists Derive Inferences About Utility Based On