QUESTION 7 Select which of the following statements is true if two goods are perfect complements: O It is not possible to predict whether the relative prices of the two goods will affect the share of income spent on the 2 goods, more information including the t utility function are needed. O Mookie Betts never should have left the Red Sox. O The relative prices of the two goods do not affect the share of income spent on the 2 goods. O The relative prices of the two goods do affect the share of income spent on the 2 goods.
QUESTION 7 Select which of the following statements is true if two goods are perfect complements: O It is not possible to predict whether the relative prices of the two goods will affect the share of income spent on the 2 goods, more information including the t utility function are needed. O Mookie Betts never should have left the Red Sox. O The relative prices of the two goods do not affect the share of income spent on the 2 goods. O The relative prices of the two goods do affect the share of income spent on the 2 goods.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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this homework problem is worded in a very confusing way, I think its option "c"?
please help!
Transcribed Image Text:QUESTION 7
Select which of the following statements is true if two goods are perfect complements:
It is not possible to predict whether the relative prices of the two goods will affect the share of income spent on the 2 goods, more information including the t
utility function are needed.
Mookie Betts never should have left the Red Sox.
The relative prices of the two goods do not affect the share of income spent on the 2 goods.
The relative prices of the two goods do affect the share of income spent on the 2 goods.
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