True/False
The strong axiom of revealed preference requires that if a consumer chooses x when he can afford y and chooses y when he can afford z, then he will not choose z when he can afford x.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q36: Maria consumes strawberries which cost her 10
Q37: The Laspeyres price index differs from the
Q38: Hillary has an initial endowment of $500
Q39: The Laspeyres index of prices in period
Q40: Stan Ford currently spends $100 a week
Q42: It follows from the weak axiom of
Q43: Twenty years ago, Dmitri consumed bread which
Q44: When prices are ($6, $3), Holly chooses
Q45: When prices are ($4, $2), Tomoko chooses
Q46: There are two goods, bananas and potatoes.The