Examlex
Which of the following conflict is correctly matched with the stage?
Price Change
A fluctuation in the market price of a good or service over a specific period.
Initial Endowment
The initial allocation of goods, resources, or money which an individual or entity possesses at the start of a consideration period.
Weak Axiom
A principle in consumer theory that, if a consumer chooses bundle A over bundle B when both are affordable, they will not choose B over A if A's price decreases and B's price stays the same or increases.
Revealed Preference
A theory that determines a consumer's preferences based on their purchasing behavior, under the assumption that their choices reveal their valuation of goods.
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