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2. (20 points) When prices were (p1, p2) = (5,2), Tim chose the bundle ($1, 12) = (3,4). Now at the new prices (pj, p,),

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2. (20 points) When prices were (p1, p2) = (5,2), Tim chose the bundle ($1, 12) = (3,4). Now at the new prices (pj, p,), he chooses the bun- dle (X1, 12) = (1,7). For what prices (p,, p,) is Tim's behavior consistent with the weak axiom of revealed preferences

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