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Give two examples of a pair of commodities that are substitutes. - Economics

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प्रश्न

Give two examples of a pair of commodities that are substitutes.

अति संक्षिप्त उत्तर
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उत्तर

Examples of substitute goods include tea and coffee, as well as coke and pepsi. The price of a substitute product (like coffee) and the demand for a product (like tea) are closely related.

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अध्याय 2: Demand and Law of Demand - TEST YOURSELF QUESTIONS [पृष्ठ २६]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 2 Demand and Law of Demand
TEST YOURSELF QUESTIONS | Q 9. (a) | पृष्ठ २६
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