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Which of the following is the best example of substitute for movie tickets?a. inferior goodsb. jewelryc. takeout pizzad. rentals of on-demand programming

asked
User Zajonc
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7.9k points

2 Answers

3 votes

Answer:

rentals of on-demand programming is the answer.

Step-by-step explanation:

answered
User EternalHour
by
8.6k points
5 votes

Answer:

Rentals of on-demand programming

Step-by-step explanation:

A substitute in economics and consumer theory is a product or service a consumer sees as the same or similar to another product. Put simply, a substitute is a good that can be used in place of another.

The fact that one of the products is a substitute good for others has immediate economic consequences.

In this case, rentals of movies can replaced the movie tickets.

answered
User David Guida
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8.8k points

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