Title: Denise is shopping for lobsters and eclairs. When she faces budget line b1, she chooses market ... Post by: Satsume on Oct 24, 2017 Denise is shopping for lobsters and eclairs. When she faces budget line b1, she chooses market basket A over market basket B. When she faces budget line b2, she chooses basket B over basket C. Which assumption of consumer theory helps us determine Denise's preference ordering over basket A and basket C?
A) Completeness B) More is better than less C) Transitivity D) Convexity Title: Re: Denise is shopping for lobsters and eclairs. When she faces budget line b1, she chooses market ... Post by: Canih on Oct 24, 2017 Content hidden
|