Question: 1. Consider the following preference in a two good environment: *~y if and only if || x - yh 1 where | 2 y|| is

1. Consider the following preference in a two

1. Consider the following preference in a two good environment: *~y if and only if || x - yh 1 where | 2 y|| is the distance between x and y and is measured by - || 1 y|| = V(x1 - y) + (x2 - y2)? y Which of of the following axioms is violated? (a) Local non-satiation (b) Transitivity (c) Both local non-satiation and transtivity (d) Neither local non-satiation nor transitivity

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