Q65
Which one of the following pairs of commodities is an example of substitutes?
A.
Tea and sugar
B.
Tea and coffee
AnswerC.
Pen and ink
D.
Shirt and trousers
Answer: Option B
Solution
Answer: Option B
Solution:
Tea and coffee pairs of commodities is an example of substitutes. This is a negative relationship, as is true for all pairs of goods that are complements.