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Refer to the Following -Goods X and Y Are:
A) Normal
B) Inferior
C)

Question 33

Multiple Choice

Refer to the following:
PX=6660.5QX2QYPY=484.51.5QY0.25QXMCX=20+2QXMCY=4+QY\begin{array} { l } P _ { X } = 666 - 0.5 Q _ { X } - 2 Q _ { Y } \\P _ { Y } = 484.5 - 1.5 Q _ { Y } - 0.25 Q _ { X } \\M C _ { X } = 20 + 2 Q _ { X } \\M C _ { Y } = 4 + Q _ { Y }\end{array}
-Goods X and Y are:


A) normal
B) inferior
C) independent
D) substitutes
E) complements

Correct Answer:

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