Revealed Preferences Tells Us That If Basket $A$ And Basket $B$ Lie on the Same Budget Constraint but the Consumer Chooses

question 77

Multiple Choice

Revealed preferences tells us that if basket $A$ and basket $B$ lie on the same budget constraint but the consumer chooses $B$ instead of $A$ , then we know that:

• A) \(A\) is strictly preferred to \(B\).
• B) \(A\) is preferred to \(B\).
• C) \(B\) is strictly preferred to \(A\).
• D) \(B\) is preferred to \(A\).

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Definitions:

Positive Communication

Communication that is constructive, encouraging, and aimed at building understanding and trust, while minimizing conflict.

Instructions

Detailed information on how to do something or use something.

Interrupting

The act of stopping or hindering a process or conversation, often temporarily.

Treating

The act of providing medical care or attention to someone or something.