Multiple Choice
Consider four consumption bundles, denoted by A, B, C, and D. Which of the following sets of preference statements violates the transitivity assumption?
A) D is preferred to C, C is preferred to B, B is preferred to A, C is preferred to A.
B) A is preferred to B, B is preferred to C, C is preferred to D, A is preferred to C.
C) D is preferred to B, C is preferred to A, A is preferred to B, B is preferred to C.
D) A is preferred to C, B is preferred to A.
Correct Answer:

Verified
Correct Answer:
Verified
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