The Assumption That Preferences Are Transitive Requires the Consumer

Multiple Choice

The assumption that preferences are transitive requires the consumer

A) to rank any two baskets.
B) to say that basket C is preferred to basket
A if basket B is preferred to basket A and basket C is preferred to basket B.
C) to rank a basket with more units of all goods higher than a basket with fewer units of all goods.
D) to have a diminishing marginal rate of substitution.