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2. Consider preferences defined over the nonnegative orthant by (X1,X2) > (y1,y2) if x1+x2 2. Consider preferences defined over the nonnegative orthant by > (Yl,Y2)

2. Consider preferences defined over the nonnegative orthant by (X1,X2) > (y1,y2) if x1+x2

2. Consider preferences defined over the nonnegative orthant by > (Yl,Y2) if xl+X2 < yl+Y2. Are these preferences monotonic? Do these preferences statisfy local nonsatiation? Does Walras law hold?e

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