Suppose that a consumer's preferences are well behaved in that properties 4-1 - 4-4 are satisfied and the initial equilibrium consumption bundle consists of 100 units of X and 50 units of Y.If P_X increases such that the new equilibrium consumption bundle is 150 units of X and 75 units of Y, then goods X and Y are A)complements. B)substitutes. C)inferior goods. D)unrelated.

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The Answer of Suppose that a consumer's preferences are well behaved in that properties 4-1 - 4-4 are satisfied and the initial equilibrium consumption bundle consists of 100 units of X and 50 units of Y.If P_X increases such that the new equilibrium consumption bundle is 150 units of X and 75 units of Y, then goods X and Y are A)complements. B)substitutes. C)inferior goods. D)unrelated.

Suppose That a Consumer's Preferences Are Well Behaved in That