JAMB Economics 2022 Objective — Question 31

Question 31 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.

31. Scale of preference simply means

A. (A) a list of goods and services to be purchased
B. (B) a list of goods and service to be purchased in order of preferenceCorrect
C. (C) a list of what the monthly income is spent on
D. (D) consumer preference for goods

Explanation

A scale of preference is a list of goods and services which an individual intends to purchase, arranged in order of priority/preference.

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