Which of the following is the best example of substitutes?
a. coffee and cream
b. videotapes and VCRs
c. money and biscuits
d. tortillas and salsa
e. hiking boots and athletic shoes
E
Economics
You might also like to view...
A decrease in the supply of sugar increases the price of sugar from $1.00 a packet to $1.25 a packet. The quantity decreases from 100 packets a day to 80 packets a day. The price elasticity of demand of sugar is ________
A) 0.75 B) 0.5 C) 1.0 D) 1.25
Economics
Everything else held constant, if workers expect an increase in inflation, ________ aggregate supply ________
A) long-run; increases B) long-run; decreases C) short-run; decreases D) short-run; increases
Economics