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tuggy tuggy
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6 years ago
Which of the following examples correctly identifies preference reversals?
A) Alice starts using public transport when the price of gasoline increases.
B) Sarah's consumption of coffee increases substantially when the price of tea increases.
C) Terry decides on Monday that he would join music classes from Thursday, but refuses to do so on Thursday.
D) The extra utility that Tim derives from consuming additional units of ice cream decreases as he consumes more ice cream.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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