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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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