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The market system

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Question 43

When the market price of copper piping increased significantly, housing developers began using plastic (PEX) piping instead of copper in new plumbing installations. This indicates that plastic (PEX) piping has the following relationship with copper piping:

plastic (PEX) piping is a complement to copper piping

plastic (PEX) piping is a substitute for copper piping

plastic (PEX) piping is an inferior good

plastic (PEX) piping is a free good

The market system Questions

  1. IGCSE
  2. /Economics
  3. /The market system