Suppose a consumer tells you that she strictly prefers bundle x to bundle y. If the consumer's preferences satisfy monotonicity and transitivity, which of the following can we conclude? (Check all that apply)

Suppose a consumer tells you that she strictly prefers bundle x to bundle y. If the consumer's preferences satisfy monotonicity and transitivity, which of the following can we conclude? (Check all that apply)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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