QUESTION IMAGE
Question
what best describessubstitute?
a good that can replace another to some extent so that greater consumption of one good can mean less of the other
unrelated product
indirect replacement
complement
question 32
what best describessupply?
demand
the relationship between price and the quantity supplied of a certain good or service
consumption rate
market need
question 33
what best describessupply curve?
market depth chart
price stability line
demand slope
a line that shows the relationship between price and quantity supplied on a graph, with quantity supplied on the horizontal axis and price on the vertical axis
In economics, a substitute is a good that can replace another to some extent, so greater consumption of one leads to less of the other. Supply is defined as the relationship between price and the quantity supplied of a certain good or service. The supply - curve is a line on a graph that shows the relationship between price and quantity supplied, with quantity supplied on the horizontal axis and price on the vertical axis.
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Question 1: a good that can replace another to some extent so that greater consumption of one good can mean less of the other
Question 2: the relationship between price and the quantity supplied of a certain good or service
Question 3: a line that shows the relationship between price and quantity supplied on a graph, with quantity supplied on the horizontal axis and price on the vertical axis