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Give Examples of Two Substitute Goods and Two Complementary Goods

question 37

Essay

Give examples of two substitute goods and two complementary goods.In each case explain why the goods are substitutes or complements.


Definitions:

Production

The process of creating, manufacturing, or using goods and services.

Units

Basic quantities or measurements in which variables, production, or processes are expressed and analyzed.

February

The second month of the Gregorian calendar, known for having 28 days in common years and 29 days in leap years.

Direct Materials Purchases

The total amount of raw materials bought by a company for use in production during a specific accounting period.

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