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Title: Pedro buys market basket A that includes 10 books at a price of $20 per book and 10 DVDs at a price ... Post by: Satsume on Oct 24, 2017 Pedro buys market basket A that includes 10 books at a price of $20 per book and 10 DVDs at a price of $10 per DVD. Market basket B contains 12 books and 12 DVDs. Based on this information, which of the following statements is NOT true?
A) Revealed preference analysis implies that Pedro only prefers basket B to basket A if basket A is more expensive. B) Pedro prefers market basket B to basket A. C) Market basket B will cost more than basket A. D) If the prices change and Pedro chooses market basket C, which now costs the same as basket B, then basket C is prefer to basket A. Title: Re: Pedro buys market basket A that includes 10 books at a price of $20 per book and 10 DVDs at a ... Post by: Bart_arg on Oct 24, 2017 Content hidden
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