All three drop downs are the same as the one shown at the bottom of the image. T

Question

All three drop downs are the same as the one shown at the bottom of the image.

The diagram to the right contains several consumption bundles labeled A to G A consumer reports that she prefers bundle B to bundle F What property has been violated? A consumer reports that he prefers bundle E to bundle B but can not tell you about preferences for C relative to E What property has been violated? A consumer reports that she prefers bundle B to C, prefers bundle E to B, but prefers bundle C to E What property has been violated? More is preferred to less Transitivity Completeness 10 Movies

Explanation / Answer

A) When a person prefere B to F, he is preferring 3 books over 5 books.

Thus, the violation of property here is: More is preferred to less

B) Completeness

C) Transitivity

Reason: In case of transitivity, if A > B, B > C, then automatically he prefers A > C

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