--%>
Assignment Help - homework help

Examples of pairs of substitutes goods

Illustrations of pairs of goods which are close substitutes comprise: (i) Bow ties and tuxedoes. (ii) Glasses and contact lenses. (iii) Power boats and water skis. (iv) Baby food and diapers. (v) Camping trailers and large SUVs.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Market adjustments due to raised

    Normal 0 false false

    		•
  • Q : Fundamental Normative Economics The

    The fundamental economic question for that answers are most likely to be different greatly across the populace and be most heavily based upon value judgments is: (1) what goods will society produce? (2) how will resources be used to yield the goods so

    		•
  • Q : Determine price elasticity of demand An

    An approximate estimate of the price elasticity of demand is best computed by the absolute value of the formula: (1) change in P / change within Q. (2) % change in Q / % change in P. (3) % change in Q / % change in income. (4) % chang

    		•
  • Q : Hypothetical demands for perfect price

    In this figure demonstrating hypothetical demands for socket sets, there demand curve: (1) D1D1 is perfectly price-inelastic. (2) D2D2 is perfectly price elastic. (3) D3D3

    		•
  • Q : Purely competitive market demand of

    When the income distribution is acceptable and no externalities survive, purely competitive market demand curves as: (w) also marginal social benefits curves. (x) inverted marginal social cost curves. (y) horizontal at the market pric

    		•
  • Q : High economic profits High economic

    High economic profits for firms are least probable to arise by: (1) important market power. (2) “cut-throat” competitive pricing policies. (3) superior products. (4) unusually efficient managers. (5) price-maker behavior.

    Q : Sole proprietorships and partnerships

    The Sole proprietorships and partnerships account for the ________ percent of all U.S. firms and a _________ percent of sales by the U.S. firms: (1) Large; small. (2) Large; large. (3) Small; small. (4) Small; large. Find out the r

    		•
  • Q : Benefit of the market system One

    One political benefit of the market system over the majority of other economic systems is that: (1) The power to take decisions is comparatively decentralized. (2) Democratic decisions are steadier than individual selections (3) Centralized decisions

    		•
  • Q : Define macroeconomics Define

    Define macroeconomics?

    		•
  • Q : Problem on Labor Union Goals Can

    Can someone please help me in finding out the accurate answer from the following question. The higher union wages would be least likely to pursue: (1) Higher union initiation fees. (2) Mandatory retirement programs

    		•