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An economist notes that demand for Brand A increases when the price of Brand B decreases. We can say that Brand A and Brand B are substitute goods Brand A is an inferior good, while Brand B is a superior good Both Brand A and Brand B are normal goods Brand A and Brand B are complementary goods Brand A is a superior good while Brand B is an inferior good

An economist notes that demand for Brand A increases when the price of Brand B decreases. We can say that Brand A and Brand B are substitute goods Brand A is an inferior good, while Brand B is a superior good Both Brand A and Brand B are normal goods Brand A and Brand B are complementary goods Brand A is a superior good while Brand B is an inferior good

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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An economist notes that demand for Brand A increases when the price of Brand B decreases. We can say that Brand A and Brand B are substitute goods Brand A is an inferior good, while Brand B is a superior good Both Brand A and Brand B are normal goods O Brand A and Brand B are complementary goods O Brand A is a superior good while Brand B is an inferior good
Transcribed Image Text:An economist notes that demand for Brand A increases when the price of Brand B decreases. We can say that Brand A and Brand B are substitute goods Brand A is an inferior good, while Brand B is a superior good Both Brand A and Brand B are normal goods O Brand A and Brand B are complementary goods O Brand A is a superior good while Brand B is an inferior good
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