Question: When prices are (p 1 , p 2 ) = (2, 1) a consumer demands (x 1 , x 2 ) = (1, 2), and
When prices are (p1, p2) = (2, 1) a consumer demands (x1, x2) = (1, 2), and when prices are (q1, q2) = (1, 2) the consumer demands (y1, y2) = (2,1). Is this behavior consistent with the model of maximizing behavior?
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