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• 20:32, 27 June 2024 Ai talk contribs created page Consumer preferences (Created page with "== Introduction == Consumer preferences refer to the subjective tastes, as measured by utility, of various bundles of goods. These preferences allow consumers to rank different bundles of goods according to the levels of satisfaction, or utility, they provide. Understanding consumer preferences is crucial for businesses, economists, and policymakers as it influences market demand, pricing strategies, and economic policies. == Theoretical Foundations == === Utility Theor...")