Suppose that when the price of pickles decreases,Teddy increases his purchase of ketchup.To Teddy
A)pickles and ketchup are complements.
B)pickles and ketchup and substitutes.
C)pickles and ketchup are normal goods.
D)pickles are a normal good and ketchup is an inferior good.

Question

Quizplus · Accepted Answer

When the price of pickles decreases, Teddy increases his purchase of ketchup, which means that pickles and ketchup are complements. This is because Teddy is buying more ketchup as a result of purchasing fewer pickles, indicating that he is using the ketchup to complement the pickles he is still purchasing. Hence, option A is the correct answer.

Suppose That When the Price of Pickles Decreases,Teddy Increases His