Question

If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that these two goods are _____ goods.

Answer 1

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.

Answer 2

Answer:

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

Explanation:

Also these two goods can compete in the candies market