Which of the Following Pairs of Goods Is Likely to Be

question 88

Multiple Choice

Which of the following pairs of goods is likely to be considered substitutes?

• A) Coffee and sugar
• B) Printers and printing ink
• C) A Ford car and public transportation
• D) A Nokia cell phone and a Nokia cell phone charger

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Definitions:

Qdoba Burritos

A brand of fast-casual restaurants known for their Mexican-style burritos and other dishes.

Long-Run Price Elasticity

The measure of responsiveness of quantity demanded or supplied to a change in price over a long period, allowing all inputs to be adjusted.

Short-Run Price Elasticity

A measure of the responsiveness of quantity demanded or supplied to a price change over a short period.

Gasoline

A volatile, flammable liquid used primarily as fuel in internal combustion engines.