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Which of the following is the best example of substitution?

  • Question 9a of 10 - Types of goods

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following is the best example of substitution?
  • Answers:
  1. People walk out before the end of a movie because the acting and the plot are terrible.
  2. Movie producers begin making more comedies because they cost less to make than action films.
  3. More people begin going to matinee movies instead of night movies to save money on the tickets.
  4. People at the movie theater switch from popcorn to candy because popcorn has gotten too expensive.

The correct answer is: People at the movie theater switch from popcorn to candy because popcorn has gotten too expensive. Substitution occurs when people switch from one good to another, usually because the price has changed.

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