Question

Identity the pair of goods which are substitutes of each other: 

पर्याय

• Coffee and sugar

• Tea and coffee

• Bread and butter

• Pen and ink

Answer 1

Tea and coffee

Explanation:

Tea and coffee are substitutes for each other because they can be used in place of one another to satisfy the same need or want. If the price of tea increases, people might buy more coffee, and vice versa. The other pairs listed (coffee and sugar, bread and butter, pen and ink) are complementary goods, meaning they are used together.