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2.F.3 You are given the following partial information about a consumer's purchases. He consumes only two goods. Year 1 Year 2 Quantity Price Quantity Price

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2.F.3" You are given the following partial information about a consumer's purchases. He consumes only two goods. Year 1 Year 2 Quantity Price Quantity Price Good I 100 100 120 100 Good 2 100 100 ? 80 Over what range of quantities of good 2 consumed in year 2 would you conclude. (a) That his behavour is inconsistent (i.e., in contradiction with the weak axiom)? (b) That the consumer's consumption bundle in year 1 is revealed preferred to that in year 2? (c) That the consumer's consumption bundle in year 2 is revealed preferred to that in year 1? (d) That there is insufficient information to justify (a), (b), and/or (c)? (e) That good 1 is an inferior good (at some price) for this consumer? Assume that the weak axiom is satisfied. (f) That good 2 is an inferior good (at some price) for this consumer? Assume that the weak axiom is satisfied

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