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    Microeconomics Study Set 11
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    Exam 4: Consumer Preferences
  5. Question
    When Comparing Two Alternatives X and Y,a Consumer Either Prefers
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When Comparing Two Alternatives X and Y,a Consumer Either Prefers

Question 3

Question 3

Multiple Choice

When comparing two alternatives X and Y,a consumer either prefers X to Y,prefers Y to X,or is indifferent between them.This property is called:


A) transitivity.
B) completeness.
C) the ranking principle.
D) the choice principle.

Correct Answer:

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