A. Scale of preference
B. Indifference map
C. Demand schedule
D. Supply schedule
Correct Answer:
Option A – Scale of preference
Explanation
An indifference map represents different quantities of two goods between which a consumer is indifferent. this means that, the consumer has no preference for one combination or bundle of goods over a different combination.
While scale of preference refers to the arrangement or ranking of a consumer wants in the order of imortance or urgency.
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