Macroeconomics

If demand for energy drinks decreases when the price of bagels increases, we can say that energy drinks and bagels are ...

normal goods.

inferior goods.

substitute goods.

complementary goods.

preferred goods.

Question

Caitlyn Harmon

29 December, 17:33

+3

Answers (1)

Know the Answer?

Zion Bell · Answer 1

I think substitute goods is the answer because when people stopped buying the energy drink they bought the bagel as a substitute.

MacroeconomicsIf demand for energy drinks decreases when the price of bagels increases, we can say that energy drinks and bagels are ...normal goods.inferior goods.substitute goods.complementary goods.preferred goods.