A(n) _____ is a good that consumers will use in place of another good, depending on the relative prices of the goods.
A) inferior good
B) normal good
C) complement
D) substitute

Name: A(n) _____ is a good that consumers will use in place of another good, depending on the relative prices of the goods. A) inferior good B) normal good C) complement D) substitute
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Question

Quizplus · Accepted Answer

Substitutes are goods that can be used in place of one another, depending on their relative prices or the preferences of consumers.

A(n) _____ Is a Good That Consumers Will Use in Place