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Business, 22.03.2021 22:30 morganzahn16

Ann lives in Princeton, New Jersey, and commutes by train each day to her job in New York City (20 round trips per month). When the price of a round trip goes up from $10 to $20, she responds by consuming exactly the same number of trips as before, while spending $200 per month less on restaurant meals. Does the fact that her quantity of train travel is completely unresponsive to the price increase imply that Ann is not a rational consumer

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Ann lives in Princeton, New Jersey, and commutes by train each day to her job in New York City (20 r...

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