ECON 2001 - Suppose that George is interested
Offered Price:
$
5.00
Posted By:
Posted on: 02/28/2018 04:49 AM Due on: 02/28/2018
Suppose that George is interested in only two goods, cigars and scotch. Employ the indifference curve/budget line apparatus to show a case where a decrease in the price of cigars leads to an increase in George's scotch consumption. Does this imply that cigars and scotch are complements to George? Explain your answer.
-
Rating:
/5
dr.tony
ECON 2001 - Suppose that George is interested