Asked by Shannon Flynn on Jun 03, 2024
Verified
Baseballs and baseball bats are substitute goods.
Substitute Goods
Products or services that can replace or substitute each other in use, where an increase in the price of one leads to an increase in demand for the other.
- Discern the aspects and effects of substitute and complement products on demand in the marketplace.
Verified Answer
TB
Tehilla BaruchJun 06, 2024
Final Answer :
False
Explanation :
Baseballs and baseball bats are complementary goods because they are used together; the demand for one increases when the demand for the other does.
Learning Objectives
- Discern the aspects and effects of substitute and complement products on demand in the marketplace.