According to economists, which of the following acts was partially responsible for the Great Depression of the 1930s?

If A>B and B>C do not imply A>C, where > means "preferred to", then preferences are intransitive

Indicate whether the statement is true or false

If the price of apples goes down, then the demand for pears will

A) increase, assuming apples and pears are substitutes. B) decrease, assuming apples and pears are substitutes. C) decrease, assuming apples and pears are complements. D) remain constant, assuming apples and pears are related goods.