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If Shoes and Socks Are Complements and Both Are Normal

Question 36

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If shoes and socks are complements and both are normal goods, show graphically what would happen to the consumption of shoes and socks if
a.the price of shoes decreased.
b.consumer incomes increased.
B.
If shoes and socks are complements and both are normal goods, show graphically what would happen to the consumption of shoes and socks if a.the price of shoes decreased. b.consumer incomes increased. B. Figure 4-9a b.Since both goods are normal, an increase in income leads to greater consumption of each good, as illustrated by the movement from C to D in Figure 4-9b. Figure 4-9b Figure 4-9a
If shoes and socks are complements and both are normal goods, show graphically what would happen to the consumption of shoes and socks if a.the price of shoes decreased. b.consumer incomes increased. B. Figure 4-9a b.Since both goods are normal, an increase in income leads to greater consumption of each good, as illustrated by the movement from C to D in Figure 4-9b. Figure 4-9b b.Since both goods are normal, an increase in income leads to greater consumption of each good, as illustrated by the movement from C to D in Figure 4-9b.
Figure 4-9b

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a.As shown in Figure 4-9a, a decrease in...

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