Economics · Economics
In a diagram, if a consumer chooses bundle A, which lies on their budget line, what does this imply about their preference?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Bundle L is preferred.
- 2Bundle C is preferred.
- 3Bundle B is preferred.
- 4Bundle A is preferred.✓
Correct answer
Bundle A is preferred.
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