Title: Refer to Figure 6-8. Identify the two goods which are substitutes.
Post by: trancy on Oct 9, 2019
Question 1.
Figure 6-8
Refer to Figure 6-8. Identify the two goods which are substitutes.
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Good Y and Good Z
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Good X and Good Y
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Good X and Good Z
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It is not possible to distinguish any relationship among the goods.
Question 2.
Figure 6-8
Refer to Figure 6-8. Identify the two goods which are complements.
▸
Good X and Good Y
▸
Good X and Good Z
▸
Good Y and Good Z
▸
It is not possible to distinguish any relationship among the goods.
Title: Refer to Figure 6-8. Identify the two goods which are substitutes.
Post by: RNIPP on Oct 9, 2019
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Title: Refer to Figure 6-8. Identify the two goods which are substitutes.
Post by: trancy on Oct 9, 2019
Thanks