Question: Please show all work and explain reasoning. Thank you !! 6) Please consider the following figure: Clothing B C 12 Food The consumer chooses A

Please show all work and explain reasoning. Thank you !!

6) Please consider the following figure: Clothing B C 12 Food The consumer chooses A on budget line I1 and B on budget line 12. Which of the following statements is NOT true? A) A is preferred to C. B) B is preferred to C. C) A is preferred to B. D) C is preferred to D

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