Multiple Choice
Revealed preferences tells us that if basket A and basket B lie on the same budget constraint but the consumer chooses B instead of A , then we know that
A) A is strictly preferred to B .
B) A is preferred to B .
C) B is strictly preferred to A .
D) B is preferred to A .
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q13: The "equal bang for the buck" idea
Q30: If the government would like to induce
Q33: Suppose a consumer purchases two goods, A
Q35: Suppose the price of A is $20
Q36: Suppose the price of A is $20,
Q37: Suppose that a consumer considers coffee and
Q40: When analyzing how borrowing and lending affect
Q41: Let I be the income of
Q51: If a consumer states that he is
Q58: A corner point solution is always the