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If A, B, C, and D are any four market baskets, and if the-(Answered)

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If A, B, C, and D are any four market baskets, and if the consumer has ranked them so that D is

preferred to C, A is not preferred to B, and B is not preferred to C, then

a) A is preferred to C.

b) A is preferred to D.

c) B is preferred to D.

d) D is preferred to A.

e) D is not preferred to B.

 

Paper#9209009 | Written in 27-Jul-2016

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