An increase in the price of butter causes an increase in the demand for margarine. This indicate that butter and margarine are?
a
substitute goods
b
complementary goods
c
elastic goods
d
inelastic goods
e
inferior goods
Explanation
Correct Option
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Discussions (4)
Designershedi
1 year ago
The answer is A (substitute goods)
because butter is a substitute for Margarine. people can choose to use butter or
Misteey
6 years ago
The answer is supposed to be B
Butter and margarine are said to be complementary because they are jointly demanded
