1.The following figure shows indifference curves for an individual who's utility depends on goods x and y. (represent two different reference points. The curve with a value of represents the indifference curve that intersects (given that (is the reference point. Likewise, the curve with a value of represents the indifference curve that intersects (given that (is the reference point. (14 points total)

a.Use this figure to explain how somebody exhibiting these indifference curves could violate the transitivity property of preferences. (Add points on the curve as needed to help explain your answer.) (2 sentences) (7 points)

b.Then, give a real world example to illustrate somebody making a choice that can be explained by this figure. (1-2 sentences) (7 points)