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:

Verified
Correct Answer:
Verified
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