28 24 20 16 12 8 4 0 P 0 4 8 00 12 S1 16 D1 20 S2 D2 24 Q 18. If demand for this product changed from D2 to D1 as a result of a increase in price of a related product, then these two products O (a) complements. O (b) inferior goods, O (c) economic goods. O (d) substitutes. O(e) public goods.
28 24 20 16 12 8 4 0 P 0 4 8 00 12 S1 16 D1 20 S2 D2 24 Q 18. If demand for this product changed from D2 to D1 as a result of a increase in price of a related product, then these two products O (a) complements. O (b) inferior goods, O (c) economic goods. O (d) substitutes. O(e) public goods.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:28
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24 Q
18. If demand for this product changed from D2 to D1 as a result of a increase in price of a related product, then these two products are
O (a) complements.
O (b) inferior goods,
O (c) economic goods.
O (d) substitutes.
O (e) public goods,
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