Everybody would like to increase the quantity or quality of the goods and services they consume if such a chance was given to them but unemployment is at 50% and inflation is at 2.2%. Tom has to make a decision to enroll his son in private school or not while on a part time salary of $16,000 a year and a mortgage of $900 a month in a COVID environment.

Do you think Tom should continue to enroll his son in private school using the substitution effect or the complementary effect? Why? Why not? What should Tom consider? What will he gain? Any opportunity cost? Please remember to use ECONOMIC terms in supporting your answers.