Solved

Consider Four Consumption Bundles, Denoted by A, B, C, and D

Question 17

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:

verifed

Verified

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

Related Questions