Question

Classify the following pairs of goods and services

as substitutes in production complements in

production, or neither.

a. Lumber and sawdust b. Condominiums and bungalows c. Cheeseburger and fries d. Cars and gasoline e. Cappuccino and latte

 

Answer 1

a. Complimentary

b. Substitute

c. Substitute

d. Complimentary

e. Substitute