Please consider the following figure: The consumer chooses A on budget line I1 and B on budget line I2. Which of the following statements is NOT true?
A) A is preferred to B.
B) B is preferred to C.
C) C is preferred to D.
D) A is preferred to C.

Question

Please consider the following figure:  The consumer chooses A on budget line I1 and B on budget line I2. Which of the following statements is NOT true?
A) A is preferred to B. 
B) B is preferred to C. 
C) C is preferred to D. 
D) A is preferred to C.

Quizplus · Accepted Answer

The Answer of Please consider the following figure:  The consumer chooses A on budget line I1 and B on budget line I2. Which of the following statements is NOT true?
A) A is preferred to B. 
B) B is preferred to C. 
C) C is preferred to D. 
D) A is preferred to C.

Please Consider the Following Figure: the Consumer Chooses a on Budget