Elvira decreased her consumption of bananas when the price of peanut butter increased. For Elvira, peanut butter and bananas are
A) substitutes.
B) both inferior goods.
C) complements.
D) both luxury goods.
Answer: C
Economics
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A) the equilibrium market price lies below the price ceiling B) the equilibrium market price lies above the price ceiling C) the price elasticity of market demand is greater than 1 D) the price elasticity of market supply is greater than 1
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An environmental protection agency in Eduland has launched a campaign against the use of plastic bags. This is an example of ________
A) backward induction B) indoctrination C) anchoring D) sniping
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