Question

Leather purses and leather shoes are​ _______.

a. substitutes
b. substitutes in production
c. complements in production
d. complements but not substitutes in production suvs and pickup trucks are​ _______.
a. substitutes but not substitutes in production
b. complements but not complements in production
c. complements or complements in production
d. substitutes or substitutes in production

Answer 1

Leather purses and leather shoes are : substitutes in production.
Production SUVS and pickup trucks are: substitutes but not substitutes in production

Answer 2

b. substitutes in production

a. substitutes but not substitutes in production

Step-by-step explanation:

Complements are goods that are generally purchased or consumed together. An example would be ice cream and ice cream cones. Usually, when the price of a good rises, its demand decreases, and so does the demand for its complement. On the other hand, a substitute is a good that is purchased or consumed in place of another one. In this example, leather purses and leather shoes are substitutes, but only in production. On the other hand, SUVs and pickup trucks are substitutes, but not substitutes in production.