For Norma, both nachos and salsa are normal goods. Although she likes consuming them together, they are not perfect complements (her indifference curves are convexshaped, not right angle–shaped). The...



For Norma, both nachos and salsa are normal goods.


Although she likes consuming them together, they are not


perfect complements (her indifference curves are convexshaped, not right angle–shaped). The price of nachos rises,


while the price of salsa remains unchanged.


a. Can you determine definitively whether she consumes more


or fewer nachos? Explain with a diagram, placing nachos


on the horizontal axis and salsa on the vertical axis.


b. Can you determine definitively whether she consumes more


or less salsa? Explain with a diagram, placing nachos on the


horizontal axis and salsa on the vertical axis.



May 26, 2022
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