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2. See Figure 1 on the next page. Which of the following demand functions satisfy the Weak Axiom of Revealed Preference (WARP)? Which violate WARP?

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2. See Figure 1 on the next page. Which of the following demand functions satisfy the Weak Axiom of Revealed Preference (WARP)? Which violate WARP? Explain your answer in 1-2 sentences. Which, if any, actually exhibit revealed preference? Explain your answer.

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