Question:medium

Keeping a consumer’s income constant, if bundle X is chosen by a consumer when bundle Y is available, then when bundle Y is chosen, X must not be a feasible alternative. This property of consumer behaviour is known as:

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Recall revealed preference properties.
Updated On: Feb 11, 2026
  • The generalized axiom of consumer preference
  • The weak axiom of revealed preference
  • The feasibility property
  • The strong axiom of revealed preference
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The Correct Option is B

Solution and Explanation

The weak axiom of revealed preference specifies that if a consumer selects bundle X when bundle Y is an option, then X is not preferred to Y in any other context. This axiom demonstrates consistent preferences.

Therefore, the correct answer is (b).

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