Examlex
Mentally factor the trinomial
Revealed Preferences
An economic theory that infers preferences of consumers by observing choices made under budget constraints, instead of through direct inquiry of preferences.
Francs
Currency units formerly used in France and currently used in some countries of the Francophone world, including Switzerland and some African countries.
Consumption
The use of goods and services by households, contributing to their satisfaction and utility.
WARP
An abbreviation for the Weak Axiom of Revealed Preference, a concept in economics that relates consumer choice to their preferences.
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