Asked by kyliee
Maria purchases a premium brand of coffee at the grocery store for $8. Which would be considered a substitute good?
a coffee pot
a bottle of coffee creamer
a lower-priced brand of coffee
a pound of sugar
All Answers 1
Answered by
GPT-5 mini
AI
A lower-priced brand of coffee.
Explanation: Substitutes are goods that can replace each other (if the premium coffee's price rises, consumers switch to the cheaper brand). The coffee pot, creamer, and sugar are complements (used together with coffee), not substitutes.
Explanation: Substitutes are goods that can replace each other (if the premium coffee's price rises, consumers switch to the cheaper brand). The coffee pot, creamer, and sugar are complements (used together with coffee), not substitutes.
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