1. A child is given £5 to buy pencils in a large art shop. The child exits the shop having bought £5 worth of the same p
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1. A child is given £5 to buy pencils in a large art shop. The child exits the shop having bought £5 worth of the same p
1. A child is given £5 to buy pencils in a large art shop. The child exits the shop having bought £5 worth of the same pink pencil. What assumption over preferences might this child's behaviour be violating? [5 Marks]