Match the key elements of the Theory of Revealed Preference with their descriptions:
| Elements | Descriptions | ||
| A | Consistency | 1 | Assumes consumers make choices that result in the most preferred combination of goods and services given their budget. |
| B | Budget Constraints | 2 | Limit consumers' ability to purchase all goods and services they desire due to finite income. |
| C | Rational Choices | 3 | Consumers' actual market choices are the primary source of information about their preferences. |
| D | Observed Choices Reflect Preferences | 4 | If a consumer prefers option A to option B, and option B to option C, they must prefer A to C. |
1
A-4, B-2, C-3, D-4
2
A-4, B-2, C-1, D-3
3
A-3, B-2, C-1, D-4
4
A-1, B-2, C-4, D-3