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Orlov [11]
3 years ago
13

Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. this imp

lies potatoes can be categorized as _____.
a. complements

b. substitutes
Business
2 answers:
Liula [17]3 years ago
8 0
The answer to this question is B. Substitute 
melisa1 [442]3 years ago
8 0

Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. this implies potatoes can be categorized as substitute.

A substitute is an item that is being used to fill the gap of something that a consumer can not get. They may not be able to receive that item if they can not afford it. In this case, there was a rise in income and a decrease in potatoes so we can gather that many consumers were using the potatoes as a substitute for another good.

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