Suppose Caroline will only drink a cup of coffee if she can add two packets of sugar to it. Which graph would illustrate a representative indifference curve? O O O a. b. d. 2 1 ↑Sugar 1 2 3 Sugar J 1 2 3 Sugar 4 3 Coffee 123 4 Coffee Coffee Coffee

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Revealed Preferences and Budget Constraint Analysis

Revealed means “Let Out,” and Preference means “Choice”; Choice Reveals Preference.