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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
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45 votes
45 votes
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. decrease the demand for premium water, because premium water is considered a normal good and carbonated sodas are considered inferior goods.
c. increase the demand for premium water, because premium water and carbonated sodas are considered substitutes.
d. decrease the demand for premium water, because premium water is considered an inferior good and carbonated sodas are considered normal goods.

User Big Coach
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1 Answer

14 votes
14 votes

Answer:

c

Step-by-step explanation:

Substitute goods are goods that can be used in place of another good.

carbonated sodas are considered to be unhealthy and premium water is considered to be health. If consumers reduce consumption of carbonated sodas, they would want to consume something more healthy. This can be water. thus, the goods are substitutes

Complementary goods are goods that are consumed together

If the demand for carbonated sodas decreases, there would be an increase in demand for premium water

User Tomasita
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