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Refer to Figure 6-8. Identify the two goods which are substitutes.

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Refer to Figure 6-8. Identify the two goods which are substitutes.

Question 1.

Figure 6-8

Refer to Figure 6-8. Identify the two goods which are substitutes.

▸

Good Y and Good Z

▸

Good X and Good Y

▸

Good X and Good Z

▸

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.

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 111 times

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