Asked by Ellen Sypolt on Jun 01, 2024
Verified
Toothpaste and toothbrushes are substitute goods.
Substitute Goods
Products or services that can be used in place of each other, having a positive cross-elasticity of demand.
- Distinguish between substitute and complementary goods, and normal and inferior goods.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
False
Explanation :
Toothpaste and toothbrushes are complementary goods, as they are used together for oral hygiene rather than as substitutes for one another.
Learning Objectives
- Distinguish between substitute and complementary goods, and normal and inferior goods.