ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cereal and Milk
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calculators and iPods
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Gatorade and Powerade
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water skiing and skateboarding
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Detailed explanation-1: -Juice and cold drink are substituted goods, as one could be substituted for the other.
Detailed explanation-2: -Butter and margarine are classic examples of substitute goods.” If someone doesn’t have access to a car they can travel by bus or bicycle. Buses or bicycles, therefore, are substitute goods for cars. Substitute goods are two or more products that the consumer can use for the same purpose.
Detailed explanation-3: -A substitute, or substitutable good, in economics and consumer theory refers to a product or service that consumers see as essentially the same or similar-enough to another product.
Detailed explanation-4: -Answer and Explanation: d. Dell desktop and HP laptop is not the example of the complementary goods.