Multiple Choice
If the amount of carbonated sodas consumed continues to decline as consumers continue to choose to buy healthier products, this will likely
A) increase the demand for premium water, because premium water and carbonated sodas are considered complements.
B) increase the demand for premium water, because premium water and carbonated sodas are considered substitutes.
C) decrease the demand for premium water, because premium water is considered an inferior good and carbonated sodas are considered normal goods.
D) decrease the demand for premium water, because premium water is considered a normal good and carbonated sodas are considered inferior goods.
Correct Answer:
Verified
Correct Answer:
Verified
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