Butter and margarine are examples of
A)substitutes
B)complements
C)externalities
D)inferior goods
E)goods that are independent of each other

Name: Butter and margarine are examples of A)substitutes B)complements C)externalities D)inferior goods E)goods that are independent of each other
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Question

Quizplus · Accepted Answer

Butter and margarine are substitutes because they can be used interchangeably in cooking and are similar products. When the price of one increases, consumers may switch to the other.

Butter and Margarine Are Examples of