Assume that if an individual prefers X to Y and prefers Y to Z.Then the consumer must also prefer X to Z.This property is called
A) Transitivity
B) Completeness
C) The ranking principle
D) The choice principle

Question

Quizplus · Accepted Answer

Transitivity is the property that if an individual prefers X to Y and prefers Y to Z, then the individual must prefer X to Z. This property is essential to creating a consistent ranking of preferences, which is important in economic theory and consumer behavior analysis. The other options, completeness, the ranking principle, and the choice principle, while important, do not capture this specific property of transitivity.

Assume That If an Individual Prefers X to Y and Prefers