When Prices Are ($2, $4), Ms

question 53

Multiple Choice

When prices are ($2, $4) , Ms.Consumer chooses the bundle (7, 9) , and when prices are ($15, $3) , she chooses the bundle (10, 3) .Is her behavior consistent with the weak axiom of revealed preference?

• A)Yes.
• B)No.
• C)We would have to observe a third choice to be able to say.
• D)We can't tell because we are not told her income in the two cases.
• E)None of the above.

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