Market price of pine sol, Microeconomics

1.  Clorox lowers the price of its GreenWorksTM bathroom cleaner.  All other things remaining the same, choose how you think this will impact the market price of Pine-Sol. (Circle one).  

a. It will raise the price of Pine-Sol because they are substitute products

b. It will lower the price of Pine-Sol because they are substitute products

c. It will raise the price of Pine-Sol because they are complement products

d. It will lower the price of Pine-Sol because they are complement products

 

Posted Date: 3/22/2013 6:59:53 AM | Location : United States







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