A. The price of good 1 increased and the goods are complements B. The price of good 2 decreased and the goods are complements C. The price of good 1 decreased and the goods are substitutes D. The price of good 2 decreased and the goods are substitutes E. The individual's income decreased and good # 1 is inferior and good #2 is normal F. The individual's income increased and good #2 is inferior and good #1 is normal
A. The price of good 1 increased and the goods are complements B. The price of good 2 decreased and the goods are complements C. The price of good 1 decreased and the goods are substitutes D. The price of good 2 decreased and the goods are substitutes E. The individual's income decreased and good # 1 is inferior and good #2 is normal F. The individual's income increased and good #2 is inferior and good #1 is normal
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 11SQ
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