Documents Goods X and Y Are Compliments While

Goods X and Y are Compliments while goods X and Z are substitutes. If the supply of good X increases: Substitutes are goods that compete with one another or can be substituted…

Documents Chapter : 5

Chapter : 5 THEORY OF CONSUMER BEHAVIOUR Two approaches to consumer behavior. Marginal utility approach and Indifference curve approach Marginal utility approach Meaning…