Multiple Choice
When the iPhone5 was introduced, the demand for iPhone5 protective cases increased. This information tells us that the iPhone5 and iPhone5 protective cases are
A) substitutes and their indifference curves are close to straight lines.
B) substitutes and their indifference curves are close to L-shaped.
C) complements and their indifference curves are close to L-shaped.
D) complements and their indifference curves have a constant marginal rate of substitution.
E) substitutes and their indifference curves have a constant marginal rate of substitution.
Correct Answer:
Verified
Correct Answer:
Verified
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