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Revealed Preferences Tells Us That If Basket AA Costs Less Than Basket

Question 76

Multiple Choice

Revealed preferences tells us that if basket AA costs less than basket BB but the consumer chooses BB instead of AA , then we know that:


A) AA is strictly preferred to BB .
B) AA is at least as preferred to BB .
C) BB is strictly preferred to AA .
D) BB is as least as preferred to AA .

Correct Answer:

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