skip to Main Content
The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

Which of the following pairs of goods are likely to be classified as substitutes? Complements? Defend your answer.
1. Peanut butter and jelly
2. Eggs and ham
3. Nike brand and Reebok brand sneakers
4. IBM and Apple Macintosh brand computers
5. Dress shirts and ties
6. Airline tickets and hotels
7. Gasoline and tires
8. Beer and wine
9. Faxes and first-class mail
10. Cereal and milk
11. Cereal and eggs
1. Peanut butter and jelly – They are a pair of substitute goods since they are not used together but as a substitute for the other. 2. Eggs and ham – They are a pair of substitute goods since they not consumed together but in place of each other. 3. Nike brand and Reebok brand sneakers – They are paid of substitute goods since they are different brands of shoes. 4. IBM and Apple Macintosh brand computer – They are paid of substitute goods since they are different brands of computers. 5. Dress shirts and ties- They are complementary goods since they are used together/ 6. Airline tickets and hotels- They are complementary goods since they are used together. As the price of one these rises the consumption of the other will fall. 7. Gasoline and tires- They are complementary goods since they are used together. As the price of one these rises the…

sumption of the other will fall. When gasoline becomes expensive you drive less or buy fewer carsand therefore demand for tires will fall. 8. Beer and wine- They are substitute goods since they are consumed in place one another 9. Faxes and first-class mail-They are substitute goods since they are consumed in place one another 10. Cereal and milk-They are complementary goods since they are used together. As the price of one these rises the consumption of the other will fall. 11. Cereal and eggs -They are substitute goods since they are consumed in place one another.

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don’t hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®

Back To Top