Because he wanted to.
To get to the other side.
Chuck norris forced him to.
%change in y for good one / %change in p for good two
%change in p for good one / %change in y for good two
%change in demand for good one/ %change in price for good two
%change in demand for good two/ %change in y for good one.
Not as good
The goods are close compliments
The goods are close substitutes
The goods are close compliments or close substitutes
The goods are unrelated
It doesn't matter
Can i have some of your Oreos?
How much of a product you will buy based on its price
How much of a product you will buy based on how much money you make
How much of a product you will sell based on how much people are willing to pay
How much money you will buy based on the how much product the price has.
% Change in income / % price
%Y / %D
%D / % Y
Whatever that British guy drew on the blackboard.
As income increases, people buy more of it.
As income decreases, people buy more of it.
As income increases people, buy less of it
It is an inferior good
All answers except, the first.
2 / 3
3 / 2
Necessity vs luxury
Availability of complements
Availability of substitutes.
Relative size of purchase
Closeness of substitutes (how easy it is to find one)
Number of complements
How similar the goods are
There aren't any
Because it shows us what kind of good we are dealing with.
There will be a test
It helps us adjust the price of our product
Because, something something Engel curve, something something.
It is very important to understand the price of a product.
It looks like a smiling man with a mustache.
All of the above
It shows demand based on income. It can be used to find cross elasticity.
It shows income based on demand. It can be used to find price elasticity.
It shows demand based on income. It can show whether a product is superior or inferior.
It shows income based on demand.