Which two goods are most likely substitutes in consumption?
A)loaves of bread and sticks of butter
B)loaves of bread and toasters
C)loaves of bread and hamburger buns
D)loaves of bread and gasoline

Question

Quizplus · Accepted Answer

Loaves of bread and hamburger buns are most likely substitutes in consumption since they are both used as bread products for sandwiches or similar meals. Loaves of bread and sticks of butter are typically used for different purposes (bread vs. cooking), loaves of bread and toasters are not substitutes at all (toasters are used to prepare bread, not eaten like bread), and loaves of bread and gasoline are completely unrelated goods.

Which Two Goods Are Most Likely Substitutes in Consumption