A good that is similar to another,and can be consumed in place of it,is called
A) a normal good.
B) an inferior good.
C) a complementary good.
D) a substitute good.
Correct Answer:
Verified
Q1: Which of the following will not cause
Q3: The rationing function of price
A)occurs when there
Q4: Which of the following will result in
Q5: How long is the "short-run" time period
Q6: A movement along a demand curve may
Q7: Which of the following refers to a
Q8: The guiding function of price is
A)the movement
Q9: In the long run if there is
Q10: Which of the following best describes the
Q11: Coke and Pepsi are substitutes if
A)the demand
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