Post Utme Aaua 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice

Question 14 POST_UTME_AAUA • 2022 • ECONOMICS • objective

The concept of consumer behavior is closely related to the concept of utility. Which of the following is a correct statement regarding consumer behavior?

A. Consumer behavior is determined by the price of a good or service.

B. Consumer behavior is determined by the income of a consumer.

Correct Answer C. Consumer behavior is determined by the preferences of a consumer.

D. Consumer behavior is determined by the production \costs of a good or service.

Correct Answer

Correct Option:

Consumer behavior is determined by the preferences of a consumer.

This is Post Utme Aaua 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

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