Question 2. (5 points) When prices are (p1,p2)=(1,2), a consumer demands (x1,x2)=(1,2). When
prices are (2,1), the consumer demands (2,1). Is this behavior consistent with the Weak Axiom of
Revealed preferences? Why yes or why not?.
Question 2 5 points When prices are p1p212 a cons.pdf
1. Question 2. (5 points) When prices are (p1,p2)=(1,2), a consumer demands (x1,x2)=(1,2). When
prices are (2,1), the consumer demands (2,1). Is this behavior consistent with the Weak Axiom of
Revealed preferences? Why yes or why not?