5.9 Over a three-year period, an individual exhibits the following consumption behavior: Px Pr ' X Y

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

Px Pr ' X Y Year1 3 3 7 4 Year 2 4 2 6 6 Year 3 5 1 7 3 Is this behavior consistent with the strong axiom of revealed preference?

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Microeconomic Theory Basic Principles And Extensions

ISBN: 9780030335938

8th Edition

Authors: Walter Nicholson

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Question Posted: Nov 14, 2024 01:00 AM

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5.9 Over a three-year period, an individual exhibits the following consumption behavior: Px Pr ' X Y

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Microeconomic Theory Basic Principles And Extensions

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