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Answer to Question #289661 in Economics for Hjhj

Question #289661

2. How are the tastes, or demand preferences, of a


nation introduced in this chapter? Why are they


needed?

1
Expert's answer
2022-01-23T15:40:06-0500

Preferences are the main factors that influence consumer demand. Economists study preferences to perceive the demand for each commodity and the future implications it may cause.


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