Question

6. Which of the following is an example of Substitute goods?
a. Tea and coffee
b. Pen and Ink
c. Bread and butter
d. None of these​

Answer 1

Answer:

ANSWER

Juice and cold drinks can be taken in place of each other. Therefore,they are substitute goods as substitute goods are those goods where demand of one good rises when the price of another good gets increased.

Answer 2

Tea and coffee are an example of Substitute goods.

• Substitute goods are two or more products that can be used in place of one another, as they serve similar purposes or satisfy similar needs. In this case, tea and coffee can both be used as a hot beverage to satisfy a person's need for a warm drink, making them substitutes for each other.

• B. Pen and ink are also examples of substitute goods.

• C. Bread and butter are also examples of substitute goods.

• D. None of these is not a correct answer, as all three options (A, B, and C) are examples of substitute goods.

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