If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that

Question

Tpy6a [65]

2 years ago

12

If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that

these two goods are _____ goods.

Social Studies

2 answers:

slava [35] · Answer 1 · 2022-09-10T18:13:38+03:00

Answer: Substitute goods

Explanation:

Substitute goods : This is defined as an alternative goods that could be used for the same purpose. Example, products A and B are substitutes if demand for A increases when the price of B increases. They are both good products serving the same purpose, but an increase in the price of one has led to the increase in the demand for the other.

dexar [7] · Answer 2 · 2022-09-10T16:34:35+03:00

dexar [7]2 years ago

3 0

Answer:

substitution goods ( chocolate-covered peanuts by strawberry licorice twists)

Explanation:

Also these two goods can compete in the candies market