Solved

Which One of the Following Sequences of Specifications of Relative

Question 7

Multiple Choice

Which one of the following sequences of specifications of relative preferences for bundles of goods A, B, and C by a consumer indicates the property of transitivity (where ">" indicates that the preferred bundle is on the left, "<" indicates that the preferred bundle is on the right, and "=" means indifference between the bundles) ?


A) A > B; B > C; C > A
B) A > B; B = C; C = A
C) A < B; C < A; B > C
D) A = C; B > C; A > B

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions