Home » Economics » Ike’s scale of preference reveals that he prefers bananas to pawpaw, pawpaw to oranges and…

Ike’s scale of preference reveals that he prefers bananas to pawpaw, pawpaw to oranges and…

Ike’s scale of preference reveals that he prefers bananas to pawpaw, pawpaw to oranges and oranges to bananas. Ike’s preferences are therefore?
  • A.
    inconsistent
  • B.
    consistent
  • C.
    transitive
  • D.
    rational
Correct Answer: Option A
Explanation