1. (28 points) Consider the following observations of the choices made by a consumer: I___ For each statement, answer True or False: Bundle 1 is directly revealed preferred to Bundle 2. Bundle 1 is directly revealed preferred to Bundle 3. Bundle 2 is directly revealed preferred to Bundle 1. Bundle 2 is directly revealed preferred to Bundle 3. Bundle 3 is directly revealed preferred to Bundle 1. Bundle 3 is directly revealed preferred to Bundle 2. Bundle 1 is indirectly directly revealed preferred to Bundle 2. Bundle 1 is indirectly directly revealed preferred to Bundle 3. Bundle 2 is indirectly directly revealed preferred to Bundle 1. Bundle 2 is indirectly directly revealed preferred to Bundle 3. Bundle 3 is indirectly directly revealed preferred to Bundle 1. Bundle 3 is indirectly directly revealed preferred to Bundle 2. This set of observations violates WARP. This set of observations violates SARP