Mathematics, 17.03.2021 23:40 andyromero

Howard buys 5 suits a year when he earns $70,000. When his income increases to $200,000, he buys 15 suits a year. Based on this information, suits are considered to be
a complementary good.
an inferior good.
a neutral good.
a normal good.
a substitute good.

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Howard buys 5 suits a year when he earns $70,000. When his income increases to $200,000, he buys 15...

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Howard buys 5 suits a year when he earns $70,000. When his income increases to $200,000, he buys 15 suits a year. Based on this information, suits are considered to be a complementary good. an inferior good. a neutral good. a normal good. a substitute good.

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Another question on Mathematics

Howard buys 5 suits a year when he earns $70,000. When his income increases to $200,000, he buys 15 suits a year. Based on this information, suits are considered to be
a complementary good.
an inferior good.
a neutral good.
a normal good.
a substitute good.