In comparing one market basket,A,to others to the northwest or southeast,we can say that a typical consumer will
A) prefer A to any other market basket.
B) prefer any other market basket to A.
C) be indifferent between A and any other market basket.
D) find any of the above are possible.

Question

Quizplus · Accepted Answer

Without any specific information about the content of the market baskets or the preferences of the typical consumer, we cannot determine whether they would prefer basket A over others, prefer others over basket A, or be indifferent. Therefore, any of the above options could be possible.

In Comparing One Market Basket,A,to Others to the Northwest or Southeast,we