The observation that the demand curve for grape jelly shifted rightward every time the price of peanut butter fell means that grape jelly and peanut butter are?
Select ONE answer:
- Complements
- Substitutes
- Normal goods
- Inferior goods
What is meant by “the substitution effect”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This is multiple choice question is suitable for Economics KS5 classes.
The answer is 1
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