QUESTION 12 If an increase in the price of Nike shoes increases the demand for Adidas shoes, this means that Oa. Nike shoes and Adidas shoes are inferior goods. b. Nike shoes and Adidas shoes are complements. Oc. Nike shoes and Adidas shoes are normal goods. d. Nike shoes and Adidas shoes are substitutes.

QUESTION 12 If an increase in the price of Nike shoes increases the demand for Adidas shoes, this means that Oa. Nike shoes and Adidas shoes are inferior goods. b. Nike shoes and Adidas shoes are complements. Oc. Nike shoes and Adidas shoes are normal goods. d. Nike shoes and Adidas shoes are substitutes.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Normal and Inferior Goods

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