The Combination of Two Goods a Consumer Chooses Depends on His

question 51

Multiple Choice

The combination of two goods a consumer chooses depends on his:

• A)demand and his supply
• B)preferences and his demand
• C)budget constraint and his preferences
• D)budget constraint and his supply

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Definitions:

Customization

The action of modifying something to suit a particular individual's needs, preferences, or requirements.

User-generated Content

Content created and shared by consumers or users of a platform, rather than the platform's owners or advertisers.

Marketer-generated Content

Content created by marketers or businesses aimed at engaging customers, promoting products, or building brand identity.

Media Richness

The degree to which a communication channel conveys information effectively, including the ability to handle multiple cues, facilitate feedback, and establish personal connection.