Question: Suppose that a utility-maximizing consumer is usually purchasing two complements, ketchup (a normal good) and french fries. Suppose that the price of ketchup increases and
Suppose that a utility-maximizing consumer is usually purchasing two complements, ketchup (a normal good) and french fries. Suppose that the price of ketchup increases and as a result the quantity purchased of french fries decreases, ceteris paribus. We can thus say that french fries are..
A. necessities
B. of a type which cannot be determined
C. luxuries
D. normal goods
(*I selected D and it said the answer was incorrect*).
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