Question: 6. Consider the preference relation > over R. such that, for any r, ye R3, r > y if and only if i + 1

6. Consider the preference relation > over R. such that, for any r, ye R3, r > y if and only if i + 1 > ev + 1. (a) Illustrate the indifference curves of this preference relation. (b) Is this preference relation monotone? (c) Is this preference relation convex? (d) Provide a utility function u(21, 22) that represents this preference relation. (e) Given prices p = (p1, p2) > 0 and income m > 0, derive the consumer's demand functions

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