If you are considering buying either an Apple Watch or a Samsung Gear S2, and you choose the Samsung only because the price is lower, then you consider
A) the Apple Watch and the Samsung Gear S2 to be substitutes.
B) the Apple Watch and the Samsung Gear S2 to be complements.
C) the Apple Watch to be a normal good and the Samsung Gear S2 to be an inferior good.
D) the Apple Watch to be an inferior good and Samsung Gear S2 to be a normal good.
A
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What is the relationship between debt, falling commodity prices and rainforest degradation?
What will be an ideal response?
When the Fed buys government bonds on the open market, the money supply expands
Indicate whether the statement is true or false
The government of a country decides to reduce fiscal spending on national defense. The resulting economic change will be represented by a(n): a. upward movement along the short-run Phillips curve. b. downward movement along the short-run Phillips curve. c. rightward shift of the short-run Phillips curve
d. leftward shift of the short-run Phillips curve.
The college textbooks market is an example of
A) perfect competition. B) oligopoly. C) monopoly. D) monopolistic competition.