Revealed preferences tells us that if basket $A$ and basket $B$ lie on the same budget constraint but the consumer chooses $B$ instead of $A$, then we know that:
A) $A$ is strictly preferred to $B$.
B) $A$ is preferred to $B$.
C) $B$ is strictly preferred to $A$.
D) $B$ is preferred to $A$.

Question

Quizplus · Accepted Answer

The Answer of Revealed preferences tells us that if basket $A$ and basket $B$ lie on the same budget constraint but the consumer chooses $B$ instead of $A$, then we know that:
A) $A$ is strictly preferred to $B$.
B) $A$ is preferred to $B$.
C) $B$ is strictly preferred to $A$.
D) $B$ is preferred to $A$.

Revealed Preferences Tells Us That If Basket AAA And Basket BBB Lie on the Same Budget Constraint but the Consumer Chooses

Revealed Preferences Tells Us That If Basket $A$ And Basket $B$ Lie on the Same Budget Constraint but the Consumer Chooses