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Homework answers / question archive / 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

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

Economics

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's incomes increased.

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