Marry increase consumption of Good X after the price of Good Y decreased . Foe Marry
a. Good X and Good Y are complements.
b. Good X and Good Y are subtitues.
c. Good X is an inferior good.
d. Good Y is an inferior good.
a. Good X and Good Y are complements.
To determine whether Marry would increase consumption of Good X after the price of Good Y decreased, we need to consider the relationship between Good X and Good Y.
a. If Good X and Good Y are complements, Marry would generally increase consumption of Good X after the price of Good Y decreased. Complements are goods that are typically consumed together, so when the price of one decreases, it makes the other more desirable.
b. If Good X and Good Y are substitutes, Marry would not necessarily increase consumption of Good X after the price of Good Y decreased. Substitutes are goods that can be used in place of each other, so a decrease in the price of one may cause consumers to switch to the cheaper alternative.
c. If Good X is an inferior good, Marry would not necessarily increase consumption of Good X after the price of Good Y decreased. Inferior goods are goods for which demand decreases as income increases, so a decrease in the price of Good Y may not be enough to affect Marry's consumption of Good X.
d. If Good Y is an inferior good, Marry may increase consumption of Good X after the price of Good Y decreased. Again, inferior goods are goods for which demand decreases as income increases, so Marry may prefer to consume more of Good X when its price decreases.
Based on this analysis, the most likely answer is either a. Good X and Good Y are complements or d. Good Y is an inferior good. However, without further information, it is difficult to determine the exact relationship between Good X and Good Y and Marry's specific preferences and circumstances.