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Answer to Question #147363 in Economics of Enterprise for Inaya Singh
Question #147363
26. Which of the following pairs of goods are substitutes and which are complements?
Insulation and heating oil
Hot dogs and mustard
Television and videocassette recorder
Rice and potatoes
Insulation and heating oil
Hot dogs and mustard
Television and videocassette recorder
Rice and potatoes
Expert's answer
- Insulation and heating oil are complements.
- Hot dogs and mustard are complements.
- Television sets and videocassette recorder are complements.
- Rice and potatoes are substitutes.
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