1.True or False and correct if the correction is appropriately given. The Weak axiom of revealed preference...

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1.True or False and correct if the correction is appropriately given.

The Weak axiom of revealed preference is a necessary condition for SARP?

a.True, no correction needed

b.False, WARP is not a necessary condition for SARP

c.False, SARP is a necessary condition for WARP

d.False, WARP is a sufficient condition for SARP

Posted Date: Jun 23, 2024 10:01 AM

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1.True or False and correct if the correction is appropriately given. The Weak axiom of revealed preference...

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