What Is the Term for Those Products Which Tend to Be

question 109

Multiple Choice

What is the term for those products which tend to be purchased jointly and whose demands therefore are related?

• A)Normal products.
• B)Complementary products.
• C)Substitute products.
• D)Inferior products.

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Definitions:

Indifference Map

A graphical representation showing combinations of goods among which a consumer is indifferent, indicating preferences and trade-offs.

Indifference Curve

A graph representing different bundles of goods among which a consumer is indifferent, showing trade-offs and preferences.

Consumer

An individual or organization that uses economic goods or services.

Criminal

A person who has committed a crime or has been legally convicted of a crime.