If Shoes and Socks Are Complements and Both Are Normal

question 167

Essay

If shoes and socks are complements and both are normal goods,show graphically what would happen to the consumption of shoes and socks if:
a.the price of shoes decreased.
b.consumer incomes increased.

---

Definitions:

Kilograms

A metric unit of mass equal to one thousand grams or approximately 2.20462 pounds.

Pounds

A unit of weight commonly used in the United States and the British imperial system, equivalent to 0.453592 kilograms.

Milliliters

A metric unit of volume equal to one-thousandth of a liter, used often to measure liquids in scientific and everyday contexts.

Ounces

A unit of weight commonly used in the United States, where one pound is equal to 16 ounces.