QUESTION 37 Ifan increase in the price of Nike shoes increases the demand for Adidas shoes, this means that: a. Nike shoes and Adidas shoes are inferior goods. ObC Nike shoes and Adidas shoes are normal goods. OC Nike shoes and Adidas shoes are substitutes. O'd.Nike shoes and Adidas shoes are luxury goods.
QUESTION 37 Ifan increase in the price of Nike shoes increases the demand for Adidas shoes, this means that: a. Nike shoes and Adidas shoes are inferior goods. ObC Nike shoes and Adidas shoes are normal goods. OC Nike shoes and Adidas shoes are substitutes. O'd.Nike shoes and Adidas shoes are luxury goods.
Chapter1: Financial Statements And Business Decisions
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QUESTION 37
If an increase in the price of Nike shoes increases the demand for Adidas shoes, this means hat:
O a. Nike shoes and Adidas shoes are inferior goods.
Ob.C Nike shoes and Adidas shoes are normal goods.
Oc. Nike shoes and Adidas shoes are substitutes.
O d. Nike shoes and Adidas shoes are luxury goods.
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