According to statistics, people in their teens (15 years) will buy 12 CDs and 15 cheese pizza in a year. If cheese pizza is a secondary good, is this consumer indifferent between getting a $ 30 gift voucher at a local CDs store and $ 30 in cash? Explain.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter23: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
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According to statistics, people in their teens (15 years) will buy 12 CDs and 15 cheese pizza in a year. If cheese pizza is a secondary good, is this consumer indifferent between getting a $ 30 gift voucher at a local CDs store and $ 30 in cash? Explain.

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