Multiple Choice
Figure 3.4.1
-Refer to Figure 3.4.1 above. The consumer chooses A on budget line I1 and B on budget line I2. Which of the following statements is NOT true?
A) B is preferred to C.
B) A is preferred to B.
C) C is preferred to A.
D) All of the statements are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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