Two products that serve similar purposes for a consumer would be referred to as
a. substitutes.
b. complements.
c. inferior goods.
d. unrelated goods.
A
Economics
You might also like to view...
In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then:
a. inventory is depleted. b. inventory is unchanged. c. employment decreases. d. employment increases.
Economics
_____ is the change in total utility that occurs because one more unit of a good is consumed or acquired
a. Total utility b. Marginal utility c. Disutility d. Diminishing marginal utility e. Expected utility
Economics