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 incomes increased.
B.
Figure 4-9a
b.Since both goods are normal, an increase in income leads to greater consumption of each good, as illustrated by the movement from C to D in Figure 4-9b.
Figure 4-9b

Question

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 incomes increased.
B.
  Figure 4-9a
  b.Since both goods are normal, an increase in income leads to greater consumption of each good, as illustrated by the movement from C to D in Figure 4-9b.
Figure 4-9b

Quizplus · Accepted Answer

The Answer of 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 incomes increased.
B.
  Figure 4-9a
  b.Since both goods are normal, an increase in income leads to greater consumption of each good, as illustrated by the movement from C to D in Figure 4-9b.
Figure 4-9b

If Shoes and Socks Are Complements and Both Are Normal