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JAMB Economics 1997 Question 2

Question 2

Theory of Consumer Behaviour

Ike's scale of preference reveals that he prefers bananas to pawpaw, pawpaw to oranges and oranges to bananas. Ike's preferences are therefore

  1. A.inconsistent
  2. B.consistent
  3. C.transitive
  4. D.rational.
Show the answer and explanation

Answer: A (inconsistent)

Explanation

If he prefers bananas to pawpaw and pawpaw to oranges, he should prefer bananas to oranges. Preferring oranges to bananas breaks this, so his preferences are inconsistent.