Advertisements
Advertisements
प्रश्न
What do you mean by substitute goods?
Define substitute goods (substitutes).
व्याख्या
लघु उत्तर
Advertisements
उत्तर
Substitute goods are those goods that satisfy the same type of demand and, hence, can be used in place of one another to satisfy a given want (such as tea and coffee). In this case, the quantity demanded of one good is positively related to the change in the price of its substitute good.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
