Preferences and Choice 1. An economist at Amazon is analyzing the shopping habits of a consumer who regularly buys candy on their website. Sometimes some of the candy that the consumer has purchased in the past is out of stock. What the economist can observe are i) the available set of candies at any given time and ii) what candies the consumer purchased. A bug in Amazon's code prevented the economist from observing anything else about the consumer or these candies (e.g. prices at which candies were sold). From the grand set X = {MnMs, Snickers, Butter finger, Crunch} the economist observed the follow- ing choice structure for this consumer: c(B) {M, B} {S, B} {S,C} {C, B} {M,B,C} {M,B,S} {C, B} {C, B} S (a) Give some reasoning as to whether this choice structure satisfies WARP. (b) Provide the revealed preference relation that is generated by this choice structure. (c) Is the revealed preference relation you previously derived Complete? Is it Transitive? Explain. i. If it is not Complete or Transitive, suggest a change to the choice structure data (including possibly adding data) such that the revealed preference relation derived from it is both complete and Transitive.