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Plz Tell me How I do it.. Revealed preference There are only two commodities m1 and 9:2. The behavior of a consumer is observed in

Plz Tell me How I do it..

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Revealed preference There are only two commodities m1 and 9:2. The behavior of a consumer is observed in two consecutive years. Assume that the consumer's taste did not change during the two years. The observations recorded are summarized in the following table. price in Year 1 consumption in Year 1 price in Year 2 consumption in Year 2 331 100 100 125 120 $2 100 100 100 ? find the range of value in the quantity of 1:32 consumed in year 2 that would make you reach the following conclusions: (a) The consumer was better off in year 1. (b) The consumer was better off in year 2. (c) The consumer's behavior was inconsistent

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