English

Define Substitute goods. - Economics

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Question

Define Substitute goods.

Definition
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Solution

When two items meet the same kind of need, they might be utilized in place of one another to fulfill a particular want. Examples of substitute goods include tea and coffee, as well as coke and pepsi.

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Chapter 2: Demand and Law of Demand - TEST YOURSELF QUESTIONS [Page 26]

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Frank Economics [English] Class 12 ISC
Chapter 2 Demand and Law of Demand
TEST YOURSELF QUESTIONS | Q 6. (a) | Page 26
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