There are three bundles of goods: $x, y, z$. A consumer has preferences such that $x \geqslant$ $y, y \geqslant z$. If $x \sim z$ then the consumer's preferences cannot be described as transitive.

Question

Quizplus · Accepted Answer

Remember, if $x \geqslant y$ and $y \geqslant x$, then $x \sim y$ and if $y \geqslant z$ and $z \geqslant y$ then $y \sim z$. If this is true, then $x \sim z$ does not violate transitivity.

There Are Three Bundles of Goods x,y,zx, y, zx,y,z a Consumer Has Preferences Such That

There Are Three Bundles of Goods $x, y, z$ a Consumer Has Preferences Such That