If Pepsi goes on sale and decreases its price by 10 percent, and as a result, the quantity demanded of Coca Cola decreases by 5 percent, then Pepsi and Coke are ________ goods
A) inferior
B) normal
C) substitute
D) complementary
E) unrelated
C
Economics
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The graph shows the labor market for teenagers in Atlanta. If the government sets a minimum wage of $6 an hour, the number of teenagers employed is ________
A) 7,000 B) 5,000 C) 4,000 D) 3,000 E) less than 3,000
Economics
The two important contributions of entrepreneurs are
a. innovation and independent wealth b. good management skills and honesty c. risk taking and honesty d. good management skills and independent wealth e. innovation and risk taking
Economics