Which One of the Following Sequences of Specifications of Relative

question 7

Multiple Choice

Which one of the following sequences of specifications of relative preferences for bundles of goods A, B, and C by a consumer indicates the property of transitivity (where ">" indicates that the preferred bundle is on the left, "<" indicates that the preferred bundle is on the right, and "=" means indifference between the bundles) ?

• A) A > B; B > C; C > A
• B) A > B; B = C; C = A
• C) A < B; C < A; B > C
• D) A = C; B > C; A > B