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Evidently there is a violation of garp actually of warp thep weak axiom of revealed preference because x was purchased when x. Warp weak axiom of revealed preference. Two Violations Of Warp X P X P And Z P X P My question is if we can have a situation where warp is violated but garp is satisfie…

Revealed preference is an economic theory of consumption behavior which asserts that the best way to measure consumer preferences is to observe their purchasing behavior. If a is revealed preferred to b a rp b then it must be so in every case. Https Econtheory Org Ojs Index Php Te Article Viewfi…