Which statement is true within the framework of rational choice economics?
A) When the relative prices change a rational consumer's preference pattern will be altered.
B) The budget line and the indifference curves are interdependent in the maximizing models.
C) Indifference curves are empirically determined functions that are identical for all persons who are truly rational choice operators.
D) When the relative prices change a rational consumer's preference will not be altered.
Correct Answer:
Verified
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