ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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pen and paper
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chips and dip
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coffee and tea
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flowers and vase
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Detailed explanation-1: -Doughnuts and coffee are complements; tea and coffee are substitutes. Complementary goods are goods used in conjunction with one another.
Detailed explanation-2: -Petrol and diesel as a pair of goods is an example of substitutes and other pairs are examples of complementary goods.
Detailed explanation-3: -The Correct Answer is D. Tea and Coffee are considered substitutes goods because when the price of tea rises, people will be less willing to consume tea and look for its substitutes.
Detailed explanation-4: -Butter and margarine. Physical books and e-books. Sandals and flip-flops. Tuna and salmon. Steel-toe boots and composite-toe boots. Minivans and sport utility vehicles. Earrings and necklaces. Eyeglasses and contact lenses. More items •03-Feb-2023