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_. I want you to describe examples in your life what are Normal Goods and Services that you consume and also Inferior Goods (and services)
_. I want you to describe examples in your life what are Normal Goods and Services that you consume and also Inferior Goods (and services) you consume. Keep this short but you may explain why certain goods or services are Normal or Inferior to you. This is subjective and about individual choices to each of which provides utility ....... (please remember these are good and services, not resources e.g. Land Labor Capital, Entrepreneurship) 2. Please do the same for Compliments/Substitutes goods (or services): provide at least one example that is true for you. Sony PlayStation 5 gaming console and etc.... just came to market 2 YEARS AGO and is in "high demand or short supply." What is happening with the PSS now? Using you knowledge of market equilibrium clearing price and quantity, what happened immediately to the price on the first day. You can do a little "market research" and read an article or 2, but apply your economic knowledge and theory. Include articles and /or cite your "research" to support your discussion point
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