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As the price of a tank top increases, the quantity of T-shirts that firms plan to sell decreases. What is the relationship between tank tops and T-shirts?
As the price of a tank top increases, the quantity of T-shirts that firms plan to sell decreases, so tank tops and T-shirts are
O A. substitutes in production
B. inferior goods
C. normal goods
OD. complements in production



Answer :

GinnyAnswer

Final answer:

Tank tops and T-shirts are substitutes in consumption.


Explanation:

Substitute goods have positive cross-price elasticities of demand. In this case, as the price of tank tops increases, the quantity of T-shirts sold by firms decreases, indicating that tank tops and T-shirts are substitutes in consumption. This means that they are goods that can be purchased either/or, depending on their prices and consumer preferences.


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