Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![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)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12fb128c-1604-404f-a3d7-82dd15d99651%2Fd25c53ec-0cc2-4d5e-a2b0-2da7d7088f02%2Fpmzisue_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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