Which of the following pairs of commodities is an example of substitutes?

A. Tea and sugar

B. Tea and coffee

C. Pen and ink

D. Shirt and trousers

Related Questions

  1. In case of perfect competition, TR curve rises at a:
  2. The real income of a consumer is income in terms of:
  3. The act of producing the output from more than one plant is concerned with:
  4. Scarcity is:
  5. Price leadership is associated with:
  6. In respect of which of the following category of goods is consumers surplus highest?
  7. According to current thinking, the law of diminishing returns applies to:
  8. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  9. The normal long-run average cost curve is influenced by the:
  10. The water diamond paradox was firstly resolved with the help of:
  11. The output where TC = TR & AC = AR:
  12. Opportunity costs are also known as:
  13. If the demand curve is horizontal then its slope is:
  14. Selling costs are incurred under monopolistic competition to:
  15. If the commodity is normal then price effect is:
  16. The proportionality rule in production requires that the ratios of MP and factor prices are:
  17. A good tends to have relatively inelastic demand, if:
  18. Which form of market structure is characterized by interdependence in decision-making as between the…
  19. The total utility is gained by consuming:
  20. The main contribution of Prof.Robbins is in the field of:
  21. The number of sellers in oligopoly is:
  22. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  23. Loanable funds theory of Interest was developed by:
  24. An optimum level of a firms output is:
  25. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  26. When income of the consumer increases then demand curve of an inferior good:
  27. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  28. Suppose income increases by 10% and demand for commodity increases by 5% then the income elasticity…
  29. Technological Progress (Invention) can be defined as:
  30. If the price of product A decreases and in the result the demand for product B increases then we can…

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