What do economists use to represent a consumer's preferences
A)demand curves
B)budget constraints
C)indifference curves
D)supply curves

Question

Quizplus · Accepted Answer

Economists use indifference curves to represent a consumer's preferences. Indifference curves show a combination of goods and services that give a consumer the same level of satisfaction or utility. By analyzing the shape and position of these curves, economists can study how consumers make choices and can make predictions about how changes in prices, income, or other factors will affect their consumption decisions.

What Do Economists Use to Represent a Consumer's Preferences