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QUESTION 7 Select which of the following statements is true if two goods are perfect complements: O It is not possible to predict whether the relative prices of the two goods will affect the share of income spent on the 2 goods, more information including the t utility function are needed. O Mookie Betts never should have left the Red Sox. O The relative prices of the two goods do not affect the share of income spent on the 2 goods. O The relative prices of the two goods do affect the share of income spent on the 2 goods.

QUESTION 7 Select which of the following statements is true if two goods are perfect complements: O It is not possible to predict whether the relative prices of the two goods will affect the share of income spent on the 2 goods, more information including the t utility function are needed. O Mookie Betts never should have left the Red Sox. O The relative prices of the two goods do not affect the share of income spent on the 2 goods. O The relative prices of the two goods do affect the share of income spent on the 2 goods.

Principles of Microeconomics
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 5CQQ
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this homework problem is worded in a very confusing way, I think its option "c"?

please help!

QUESTION 7 Select which of the following statements is true if two goods are perfect complements: It is not possible to predict whether the relative prices of the two goods will affect the share of income spent on the 2 goods, more information including the t utility function are needed. Mookie Betts never should have left the Red Sox. The relative prices of the two goods do not affect the share of income spent on the 2 goods. The relative prices of the two goods do affect the share of income spent on the 2 goods.
Transcribed Image Text:QUESTION 7 Select which of the following statements is true if two goods are perfect complements: It is not possible to predict whether the relative prices of the two goods will affect the share of income spent on the 2 goods, more information including the t utility function are needed. Mookie Betts never should have left the Red Sox. The relative prices of the two goods do not affect the share of income spent on the 2 goods. The relative prices of the two goods do affect the share of income spent on the 2 goods.
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