Oil and alternative sources of energy such as wind and solar are
A)Complementary goods.
B)Substitute goods.
C)Inferior goods.

Question

Quizplus · Accepted Answer

Oil and alternative sources of energy such as wind and solar are substitute goods because they can be used in place of each other to fulfill the same need for energy. As the price of one increases, demand for the other may increase as consumers seek out a more affordable option.

Oil and Alternative Sources of Energy Such as Wind and Solar