Your textbook provides several examples of goods that belong to the same market. For two goods to be in the same market, they must
A) be produced by a monopoly
B) be substitutes
C) be complements
D) have a cross elasticity that is less than -3
E) have relatively high prices

Question

Quizplus · Accepted Answer

For two goods to be in the same market, they must be substitutes, meaning they can be used in place of one another by consumers.

Your Textbook Provides Several Examples of Goods That Belong to the Same