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At prices(p1,p2)=(1,4)(p1,p2)=(1,4), Bob consumes the bundleX=(3,6)X=(3,6), while at prices(p1,p2)=(2,2)(p1,p2)=(2,2), he chooses bundleY=(y1,4)Y=(y1,4). For which values ofy1y1is the WARP violated? See Hint At prices (P1, p2)
At prices(p1,p2)=(1,4)(p1,p2)=(1,4), Bob consumes the bundleX=(3,6)X=(3,6), while at prices(p1,p2)=(2,2)(p1,p2)=(2,2), he chooses bundleY=(y1,4)Y=(y1,4). For which values ofy1y1is the WARP violated?
See Hint At prices (P1, p2) = (1, 4), Bob consumes the bundle X = (3, 6), while at prices (P'] , P'2) = (2, 2), he chooses bundle Y = (y1, 4). For which values of y1 is the WARP violated? Choose one: O A. ylStep by Step Solution
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