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)X and Y arecomplements, and both arenormalgoods.Suppose theprice of X rises.Complete the income and substitution effects table.Explain the directionof the income and substitution effects, andexplain

)X and Y arecomplements, and both arenormalgoods.Suppose theprice of X rises.Complete theincome and substitution effectstable.Explain the directionof the income and substitution effects, andexplain how these effects interactto determine thefinal changesin the consumption of X and Y.Remember the first sentence when thinking about final changes.

Please format your "table" like this (I'm going for easy text entry):

Sub:X up, Y up

Inc:X up, Y up

Tot:X up, Y up

Sub Effects:blah blah

Income:Yadda Yadda

Total:Therefore....

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