Chapter 21: Suppose you are a regular customer of jeans pants from Nurjahan market. The cost of jeans pant in Nurjahan Market is 300 BDT. However, you also buy t-shirts from Richman. As you believe, buying a good t-shirt is a good investment, hence you need to buy a t-shirt from Richman. Your earning is BDT 30000 per month.

i. State what type of goods this jeans pant is? Given when your income raises, you buy less of these goods, but, you buy more when the price of these jeans increases. And what type of goods the t-shirt is which you buy from Richman? Given, when your income increases, you buy more of these goods, and when the price increases you buy less of these goods.

ii. State the relation between these two goods. (Ex: Perfect substitutes/ Perfect complements/Substitutes/Complements)

iii. Show your budget constraint and indifference curves graphically and find the optimum bundle for you.

PLease Describe Widely