Q3. Does the following dataset satisfy GARP?|(x1, #2)|(15,15)|(10,20)|(20,10)|(P1, P2)|(1,1)|(2,1)|(1,2)|(2,5)|(5,2)(30,12)|(12,30)

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Q3. Does the following dataset satisfy GARP? |(P1, P2) |(1,1) |(x1, 22) |(15,15) (2,1) |(10,20) |(1,2) (20,10)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Q3. Does the following dataset satisfy GARP?
|(x1, #2)
|(15,15)
|(10,20)
|(20,10)
|(P1, P2)
|(1,1)
|(2,1)
|(1,2)
|(2,5)
|(5,2)
(30,12)
|(12,30)

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