When the prices were ($5, $1) , Vanessa chose the bundle (x, y) = (6, 3) . Now at the new prices, (px, py) , she chooses the bundle (x, y) = (5, 7) . For Vanessa's behavior to be consistent with the weak axiom of revealed preference, it must be that
A) 4py < px.
B) px < 4py.
C) 5py < px.
D) py = 5px.
E) None of the above.
Correct Answer:
Verified
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