A consumer's optimal choice is affected by income, prices of goods, and preferences.

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Salman Hussain · Accepted Answer

Final Answer : True, Explanation :  A consumer's optimal choice is determined by their income (which limits how much they can spend), the prices of goods (which affects how much of each good they can buy), and their preferences (which dictate which goods they derive the most satisfaction from).

A consumer's optimal choice is affected by income, prices of goods, and preferences.

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