Preference and choice Content Preference and rationality The rule of choice Budget Demand function WAand demanded law lecture 5 for Chu Kechen Honors Collegelecture5 for Chu Kechen Honors College Preference and Choice ➢ Content: ⚫ Preference and rationality ⚫ The rule of choice ⚫ Budget ⚫ Demand function ⚫ WA and demanded law