English, asked by OliviaJacob9428, 1 year ago

Definition of consumer preference of different author

Answers

Answered by sohan327
0
The study of demand in economics involves how consumers select goods and services. According to James C. Cox in The Economic Journal, consumer economics traditionally operates on the hypothesis that consumers seek the most utility, or satisfaction, that they can buy. Consumer preferences involve the ranking of goods and services according to how much benefit they afford. The study of consumer preferences employs assumptions about consumers' behavior and how they decide preferences.
Similar questions