- \\ / (1) Consider a strict preference relation > on a nite set of alterna tives X = {p,q,r,s,t}, By explicitly listing all the pairs in the binary relation, give an example of a weak preference relation that is transitive and complete. (5 marks) (2) Let (B,C(-)) be a choice structure dened on a nite set of alter- natives X = {19, q, r, 5}. Give an example of a collection of budget sets containing at least all the one, two, and three element budget sets and a choice correspondence that does not satisfy the weak axiom of revealed preference but would with just one change sat isfy the axiom. Identify what the change is that would lead the choice structure to satisfy the weak axiom. [Notice that you are not asked to show that the example you give does not satify the weak axiom or that7 following the change does satisfy the weak axiomt]