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

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

Quizplus · Accepted Answer

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

Preferences Depend on