Consider the following observations of the choices made by a consumer: Observation Px. Py $2 Pz $6 Y 1 $1 4 3 2 $1 $6 $2 2 2 3 $6 $2 $1 3 6 1 For each statement, answer True or False: Bundle 1 is...

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Extracted text: Consider the following observations of the choices made by a consumer: Observation Px. Py $2 Pz $6 Y 1 $1 4 3 2 $1 $6 $2 2 2 3 $6 $2 $1 3 6 1 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.