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When prices are ($4, $2), Valerie chooses the bundle

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81(b) When prices are ($4, $2), Valerie chooses the bundle (9, 18), and when prices are ($1, $2), she chooses the bundle (8, 14). Is Valerie?s choice of bundles consistent with the Weak Axiom of Revealed Preference?

 

Paper#27961 | Written in 18-Jul-2015

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