Substitute goods are goods that are: a. jointly consumed. b. ...

[dollx]

Substitute goods are goods that are:
 a. jointly consumed.
  b. competing for consumer spending.
  c. used late in the game.
  d. inferior.
  e. normal.

Question 2

Assume that Coca-Cola and Pepsi-Cola are substitutes. A rise in the price of Coca-Cola will have which of the following effects on the market for Pepsi?
 a. A movement down along the Pepsi demand curve.
  b. A rightward shift in the Pepsi demand curve.
  c. A movement up along the Pepsi demand curve.
  d. A leftward shift in the Pepsi demand curve.

[Heffejeff]

Answer to Question 1

b

Answer to Question 2

b

[dollx]

Thanks for the timely response, appreciate it

[adammoses97]

Excellent