if situation D is p = (3, 1)and x = (5, 10),
A)Ronald's behavior is consistent with both the Weak and the Strong Axioms of Revealed Preference.
B)Ronald's behavior is consistent with the Weak but not the Strong Axiom of Revealed Preference.
C)Ronald's behavior violates both the Weak and the Strong Axioms of Revealed Preference.

Question

if situation D is p = (3, 1)and x = (5, 10),
A)Ronald's behavior is consistent with both the Weak and the Strong Axioms of Revealed Preference.
B)Ronald's behavior is consistent with the Weak but not the Strong Axiom of Revealed Preference. 
C)Ronald's behavior violates both the Weak and the Strong Axioms of Revealed Preference.

Quizplus · Accepted Answer

Ronald's behavior is consistent with the Weak Axiom of Revealed Preference because he prefers x to p in situation D, and he does not prefer p to x in any other situation. Ronald's behavior is also consistent with the Strong Axiom of Revealed Preference because he prefers x to p in situation D, and he does not prefer p to x in any other situation, even if the prices change.

If Situation D Is P = (3, 1)and X =