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At Prices (P1, P2) = ($4, $1), George Buys the Bundle

Question 22

Multiple Choice

At prices (p1, p2) = ($4, $1) , George buys the bundle (x1, x2) = (10, 20) . At prices At prices (p1, p2) = ($4, $1) , George buys the bundle (x<sub>1</sub>, x<sub>2</sub>) = (10, 20) . At prices = ($1, $4) , he buys the bundle = (4, 14) . At prices , he buys the bundle = (20, 10) . If his preferences satisfy the strong axiom of revealed preferences, then it must be that A) 10< 10. B) 10< 8. C) 8p<sub>1 </sub>> 8p<sub>2</sub>. D) =. E) None of the above. = ($1, $4) , he buys the bundle At prices (p1, p2) = ($4, $1) , George buys the bundle (x<sub>1</sub>, x<sub>2</sub>) = (10, 20) . At prices = ($1, $4) , he buys the bundle = (4, 14) . At prices , he buys the bundle = (20, 10) . If his preferences satisfy the strong axiom of revealed preferences, then it must be that A) 10< 10. B) 10< 8. C) 8p<sub>1 </sub>> 8p<sub>2</sub>. D) =. E) None of the above. = (4, 14) . At prices At prices (p1, p2) = ($4, $1) , George buys the bundle (x<sub>1</sub>, x<sub>2</sub>) = (10, 20) . At prices = ($1, $4) , he buys the bundle = (4, 14) . At prices , he buys the bundle = (20, 10) . If his preferences satisfy the strong axiom of revealed preferences, then it must be that A) 10< 10. B) 10< 8. C) 8p<sub>1 </sub>> 8p<sub>2</sub>. D) =. E) None of the above. , he buys the bundle At prices (p1, p2) = ($4, $1) , George buys the bundle (x<sub>1</sub>, x<sub>2</sub>) = (10, 20) . At prices = ($1, $4) , he buys the bundle = (4, 14) . At prices , he buys the bundle = (20, 10) . If his preferences satisfy the strong axiom of revealed preferences, then it must be that A) 10< 10. B) 10< 8. C) 8p<sub>1 </sub>> 8p<sub>2</sub>. D) =. E) None of the above. = (20, 10) . If his preferences satisfy the strong axiom of revealed preferences, then it must be that


A) 10< 10.
B) 10< 8.
C) 8p1 > 8p2.
D) =.
E) None of the above.

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