Weak axiom of revealed preferences

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When prices were (p1, p2) = (5, 2), Tim chose the bundle (x1, x2) = (3, 4). Now at the new prices (p′1, p′2), he chooses the bundle (x1, x2) = (1, 7). For what prices (p′1, p′2) is Tim's behavior consistent with the weak axiom of revealed preferences?

Reference no: EM132476110

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