Question

substitute and complimentary goods
introduction which label best fits each item? drag and drop each phrase into its proper category
cars and gasoline
complementary goods
substitute goods
printers and ink
orange juice and grapefruit juice
artificial sweeteners and sugar
mittens and gloves
electronic toys and batteries

Explanation:

• Complementary Goods: These are goods that are used together, so the demand for one increases the demand for the other.
• Cars and gasoline: Cars need gasoline to operate, so they are complementary.
• Printers and ink: Printers need ink to print, so they are complementary.
• Electronic toys and batteries: Electronic toys need batteries to function, so they are complementary.
• Substitute Goods: These are goods that can be used in place of each other, so an increase in the price of one increases the demand for the other.
• Orange juice and grapefruit juice: Both are fruit juices and can be substituted for each other.
• Artificial sweeteners and sugar: Both are used to sweeten food/drinks and can be substituted.
• Mittens and gloves: Both are used for hand warmth and can be substituted.

Answer:

• Complementary Goods: cars and gasoline, printers and ink, electronic toys and batteries
• Substitute Goods: orange juice and grapefruit juice, artificial sweeteners and sugar, mittens and gloves