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English, 29.03.2021 16:40 hmu323

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1.) Substitutes- Define Substitutes in terms of Econ (In your own words)
-What does having a substitute do to the demand of the competing product? Explain why?

2.) Complements- Define Complements in terms of Econ (In your own words)
- Give 3 Examples of complements in the real-world.

3.) Utility- Define utility in terms of Econ ( in your own words)
-List three items that provide use to you.

4.) Diminishing utility- Define in Econ Terms( in your own words)
-Describe diminishing utility with 3 real-world examples.

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