SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Principles of economics

» Start this Course
(Practice similar questions for free)
Question:

What are substitute goods? and give an example

Author: liv da



Answer:

Are products or services that can be used in place of each other. When the price of one good increases, the demand for its substitute typically increases as well, because consumers switch to the more affordable option. tea and coffee


0 / 5  (0 ratings)

1 answer(s) in total

Author

liv da
liv da