Please Consider the Following Figure: the Consumer Chooses a on Budget

question 119

Multiple Choice

Please consider the following figure: The consumer chooses A on budget line I1 and B on budget line I2.Which of the following statements is NOT true?

• A)A is preferred to B.
• B)B is preferred to C.
• C)C is preferred to D.
• D)A is preferred to C.

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Definitions:

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