Multiple Choice

A consumer is presented with three bundles of goods: Bundle A, Bundle B, and Bundle C. When asked to compare them, the consumer states that they prefer Bundle A over Bundle B, and they prefer Bundle B over Bundle C. However, when asked to compare Bundle A and Bundle C directly, they state a preference for Bundle C over Bundle A. Which of the following statements best analyzes this consumer's expressed preferences?

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Updated 2025-08-20

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