Consumer tastes and preferences _____
A)are determined solely by advertising.
B)are relatively stable over time.
C)do not vary from one consumer to another.
D)are irrelevant to utility analysis.
E)can be measured in terms of units of utility.

Question

Quizplus · Accepted Answer

Consumer tastes and preferences are relatively stable over time, although they can be influenced by factors like advertising or changes in technology or fashion. However, they generally do not vary significantly from one consumer to another, and they can be measured in terms of units of utility through utility analysis. Therefore, option B is the most accurate choice.

Consumer Tastes and Preferences _____