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Suppose that you observed the following consumer behavior. P(Bananas) = $4/lb.P(Apples) = $2/Lb.. . Q(Bananas) = 10lbsQ(Apples) = 20lbs. . P(Bananas) = $3/lb.P(Apples) = $3/Lb.. . Q(Bananas) = 15lbsQ(Apples) = 15lbs. . . . What can you say about this consumer?. Is strictly preferred to . Choice A.
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1. Finance 30210: Managerial Economics Consumer Demand Analysis