At Prices ($4, $12), Harry Chooses the Bundle (9, 4)

question 11

Multiple Choice

At prices ($4, $12) , Harry chooses the bundle (9, 4) .At the prices ($8, $4) , Harry chooses the bundle (2, 9) .Is this behavior consistent with the weak axiom of revealed preference?

• A)Yes.
• B)No.
• C)It depends on his income.
• D)We would have to observe a third choice to be able to say.
• E)None of the above.

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Definitions:

Iris

A muscular membrane whose dilation regulates the amount of light that enters the eye.

Color Blind

The inability to perceive differences between some or all colors that others can distinguish.

Trichromatic Theory

The theory that color vision is made possible by three types of cones, some of which respond to red light, some to green, and some to blue.