Question

Suppose that when the price of hamburgers decreases, the Landry family decreases their purchases of chicken nuggets. To the Landry family hamburgers and chicken nuggets are inferior goods. hamburgers and chicken nuggets are normal goods. hamburgers and chicken nuggets are complements. hamburgers and chicken nuggets are substitutes.

Answer 1

Answer:

hamburgers and chicken nuggets are substitutes.

Explanation:

Substitutes goods are goods which can be replaced with each other by consumers because consumers believe they are similar. If the price of one of the subsituite goods increase , demand for the other good increases and if price falls, the demand for the subsituite goods falls.

Therefore, hamburgers and chicken nuggets are substitutes.

Complement goods are goods that are consumed together. If the price of one of the goods falls, the demand for the complement increases.

Normal goods are goods whose demand increases when income increases.

Inferior goods are goods whose demand falls when income rises.

I hope my answer helps you.

Answer 2

hamburgers and chicken nuggets must be substitutes.