(1) decrease because both the goods are complementary
(b) increase because both the goods are substitutes
(c) not change unless the price of sugar changes
(d) none of the above
10 Define monotonic preference
1 Complete the following table:
Units
TU
VU
1
25
2
45
3
15
4
70
5
75
Explain the following with the help of a diagram:
(a) perfectly inelastic demand.
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