unit-5-consumer-equilibrium---cardinal-and-ordinal-approaches

Unit-5 Consumer Equilibrium - Cardinal and Ordinal Approaches

In this unit, we continue the discussion on demand and focus our attention on consumer’s behaviour in order to explain the law of demand.

Can complementary goods be inferior goods?

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Learning Pundits Content Team

Written on Jun 26, 2019 6:40:14 PM

No, since complementary goods are consumed together. When income increases their consumption must go up, when income falls the consumption also falls together.



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