If your purchases of shoes remain constant at 9 pairs per year when the price of shirts increases from $8 to $12, then, for you, shoes and shirts are considered:
A) inferior goods.
B) unrelated goods.
C) substitute goods.
D) complementary goods.

Question

Quizplus · Accepted Answer

The fact that the purchases of shoes remain constant while the price of shirts increases suggests that these two goods are unrelated, meaning that the price increase of one does not affect the demand of the other. Therefore, shoes and shirts are not substitutes, complements or inferior goods.

If Your Purchases of Shoes Remain Constant at 9 Pairs