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Consider Bundle A' in comparison to Bundle B: given that BC2 represents a higher level of purchasing power than BC' and Carlos consumes more of
Consider Bundle A' in comparison to Bundle B: given thatBC2represents a higher level of purchasing power thanBC'and Carlos consumes more of both goods at Bundle B, what must be true about the two goods?
Rounds of golf and restaurant meals are complements since Carlos elects to consume more of both.
Carlos consumes rounds of golf and restaurant meals in fixed proportion.
Both rounds of golf and restaurant meals are normal goods for Carlos.
Carlos likes rounds of golf more than he likes restaurant meals.
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