The strong axiom of revealed preference requires that if a consumer chooses x when he can afford y and chooses y when he can afford z, then he will not choose z when he can afford x.

Question

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The strong axiom of revealed preference is a fundamental concept in microeconomics and states that if a consumer chooses one option over another when given the opportunity, then the chosen option must be preferred to the alternative. Specifically, if a consumer chooses x over y when able to afford both and chooses y over z when able to afford both, then the strong axiom states that the consumer will not choose z over x if given the opportunity to do so. Therefore, option A is correct.

The Strong Axiom of Revealed Preference Requires That If a Consumer