Refer to the figure at right. In the downward-sloping portion of the curve that connects points A, B, and D, the two goods, food and clothing, are O A. substitutes. O B. complements. O C. independent. O D. unrelated. Clothing (units per month) 6...A 4- U₂ B U3 12 20 Food (units per month)

Refer to the figure at right. In the downward-sloping portion of the curve that connects points A, B, and D, the two goods, food and clothing, are O A. substitutes. O B. complements. O C. independent. O D. unrelated. Clothing (units per month) 6...A 4- U₂ B U3 12 20 Food (units per month)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Normal and Inferior Goods

Understanding a normal good and an inferior good is important because it tells us what will happen to demand different products during booms and recessions.

Question

Refer to the figure at right. In the downward-sloping portion of the curve that connects points
A, B, and D, the two goods, food and clothing, are
O A. substitutes.
O B. complements.
O C. independent.
O D. unrelated.
5-
Clothing (units per month)
U₂
B
U3
12
20
Food (units per month)

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