Which of the Following Examples Correctly Identifies Preference Reversals

question 19

Multiple Choice

Which of the following examples correctly identifies preference reversals?

• A) Alice using public transport when the price of gasoline increases
• B) Sarah increasing the consumption of coffee substantially when the price of tea increases
• C) Terry deciding on Monday to join music classes from Thursday, but refusing to do so on Thursday
• D) Tim deriving lower utility from additional units of ice cream

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