Lisa views pizzas and burritos as goods. If she prefers a bundle of four burritos and four pizzas to a bundle of four burritos and five pizzas, which property of consumer preference is violated? What change in the assumptions could lead a rational

consumer to prefer the first bundle?

The property of more-is-better is violated. However, if pizza is a bad, then a rational consumer would prefer the first bundle.

Economics

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Refer to the above figure. From the standpoint of society, the optimal price is

A) P1 B) P2 C) P3 D) P5

Economics

Explain how the prices of related goods also affect demand

Please provide the best answer for the statement.

Economics