Revealed Preference

Revealed Preference

 Carlos has at one time or another lived in Argentina, Bolivia, and Colombia. He buys onlytwo goods, x and y. In Argentina the prices were (9; 3) and he consumed the bundle (6; 7). InBolivia he consumed (9; 2). In Colombia he consumed the bundle (6; 5) at the prices (3; 3). Whichof the following is true?(a) The Argentine bundle is directly revealed preferred to the Bolivian bundle.(b) The Argentine bundle is indirectly revealed preferred to the Bolivian bundle.(c) The Colombian bundle is directly revealed preferred to the Argentine bundle.(d) The Bolivian bundle is indirectly revealed preferred to the Argentine bundle.(e) None of the above.

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