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Author Question: Explain the difference between substitutes and complements. What will be an ideal ... (Read 105 times)

captainjonesify

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on: Jun 29, 2018
Explain the difference between substitutes and complements.
 
  What will be an ideal response?

Question 2

Fast food restaurants produce a range of menu items such as hamburgers, chicken sandwiches, salads, and french fries. What fundamental economic question are they addressing by offering this range of items?
 
  A) Why produce a variety of menu items? B) What to produce?
  C) Who to produce the menu items for? D) How to produce goods that consumers want?


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AmberC1996

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Substitutes are goods and services that can be used for the same purpose. Complements are goods and services that are used together.

Answer to Question 2

B


captainjonesify

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mammy1697

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Reply 3 on: Yesterday
:D TYSM

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