Refer to Figure 1. Following figure shows the budget constraint for Leyla. When the price of shirts decrease consumption of shirts increase from 12 units to 20 units while consumption of Sweaters do not change. What can be said about the relationship between shirts and sweaters for Leyla? Number of Sweaters 40 B. 28 66 Number of Shirts 12 20 40 Select one: a.Sweaters are inferior for Leyla b.Both are substitutes for Leyla c.They are complements for Leyla d.Sweaters and Shirts are independent for Levla

Refer to Figure 1. Following figure shows the budget constraint for Leyla. When the price of shirts decrease consumption of shirts increase from 12 units to 20 units while consumption of Sweaters do not change. What can be said about the relationship between shirts and sweaters for Leyla? Number of Sweaters 40 B. 28 66 Number of Shirts 12 20 40 Select one: a.Sweaters are inferior for Leyla b.Both are substitutes for Leyla c.They are complements for Leyla d.Sweaters and Shirts are independent for Levla

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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