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Figure: Harold's Indifference Curves
The figure shows three of Harold's indifference curves for bread and cheese.
-(Figure: Harold's Indifference Curves)Use Figure Harold's Indifference Curves.If the price of cheese is $2 per kilogram and Harold has $10 to spend on bread and cheese,Harold _____ his consumption of cheese as the price of bread rises from $1 to $2 per loaf,indicating that bread and cheese are _____.
A) increases;substitutes
B) increases;complements
C) decreases;substitutes
D) decreases;complements

Question

Use the following to answer questions :
Figure: Harold's Indifference Curves
The figure shows three of Harold's indifference curves for bread and cheese. 
-(Figure: Harold's Indifference Curves)Use Figure Harold's Indifference Curves.If the price of cheese is $2 per kilogram and Harold has $10 to spend on bread and cheese,Harold _____ his consumption of cheese as the price of bread rises from $1 to $2 per loaf,indicating that bread and cheese are _____.
A) increases;substitutes 
B) increases;complements 
C) decreases;substitutes 
D) decreases;complements

Quizplus · Accepted Answer

As the price of bread rises, Harold decreases his consumption of cheese, indicating that bread and cheese are complements.

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