How do i know whether these goods are complementary or
If I have two equations i.e.
Q = 12 - 4P and
Q = 14 - 2P (this equations is after income increases)
How do I know whether these goods are complementary or not?
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Originally the consumer faces the budget constraint p1x1+p2x2=m, then the price of good 1 doubles, the price of godd 2 becomes 8 times larger and income becomes 4 times larger. what are the effects of the changes on the budget line.
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