WAEC Economics 2022 Objective — Question 1
Question 1 of 50 from the West African Examinations Council (WAEC) Economics 2022 Objective paper, with the correct answer and a full explanation.
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Scale of preference shows
- A. incomes of consumers in order of size
- B. utilities enjoyed by consumers
- C. opportunity cost of goods consumed
- D. consumers wants in order of priorityCorrect
Explanation
A scale of preference is a list of consumer wants arranged in order of priority/importance.
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