A Consumer's Behavior Was Observed in Three Situations with Different

Multiple Choice

A consumer's behavior was observed in three situations with different prices and incomes.In situation 1, she chose a bundle that cost $1,600.In situation 2, she chose a bundle that cost $2,500.In situation 3, she chose a bundle that cost $3,100.The bundle purchased in situation 2 would cost $1,200 at situation 1 prices.The bundle purchased in situation 3 cost $2,000 at situation 2 prices.This consumer's behavior is known to satisfy the strong axiom of revealed preference.Therefore, the bundle purchased in situation

A) 1 must cost less than $3,100 at situation 3 prices.
B) 3 must cost at least $3,100 at situation 1 prices.
C) 1 can not cost less than $3,100 at situation 3 prices.
D) 2 must cost at least $3,100 at situation 1 prices.
E) None of the above.