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Fountain pen and ink are Substitute goods.
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- Bread and butter are Substitute goods True/FalseWhich of the following is an example of Substitute goods (1) tea and sugar (2) tea and coffee (3) Pen and ink (4) None of the aboveThese are good that are scarce relative to the demand for them. a. economic goods b. luxury goods c. Inelastic goods d. substitute goods
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- When the price of goods X = IDR 10, the quantity demanded is 5. When the price of goods X = IDR 15, the quantity demanded is 7.True/false?If we have two substitute goods, then a decrease in the price of one will lead to increase in the quantity demanded the other good. a. False b. TrueWhat is the effect of an increase in the number of people working at home on the market for deodorant, all else equal? Show and explain the impact on Dx, Sx, P, Qdx, and/or Qsx assuming a competitive market for deodorant.
- When the price of goods X = IDR 2, then the quantity supplied is 6. When the price of goods X = IDR 8, then the quantity supplied is 3True or false ?Choices for the labelled parts 1. Movement along or shift of 2. Shift of or movement along 3. An inferior or a normal 4. Complements or substitutes 5. Left or rightConsider two goods, X and Y. The price of product X increases from R6 to R8 per unit. As aresult, the quantity demanded of product Y decreases from 200 to 190 units. Q: Give at least two real-world examples of goods like X and Y.
