JAMB Economics 2021 Objective — Question 32
Question 32 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.
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32. A list of an individual wants in order of priority is called a. Priority list b. List of wants c. Demand schedule d. Scale of preference
- A. Priority list
- B. List of wants
- C. Demand schedule
- D. Scale of preferenceCorrect
Explanation
When a consumer arranges their wants in order of importance, this ranked list is called a scale of preference.
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