5.9 Over a three-year period, an individual exhibits the following consumption behavior: PX PY X Y Year

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5.9 Over a three-year period, an individual exhibits the following consumption behavior:

PX PY X Y Year 1 3 3 74 Year 2 4 2 66 Year 3 5 1 73 Is this behavior consistent with the strong axiom of revealed preference?

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Microeconomic Theory Basic Principles And Extensions

ISBN: 9780324270860

9th Edition

Authors: Walter Nicholson

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Question Posted: Nov 12, 2024 03:01 AM

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5.9 Over a three-year period, an individual exhibits the following consumption behavior: PX PY X Y Year

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Microeconomic Theory Basic Principles And Extensions

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