Question

define substitule goods​

Answer 1

Answer:

In microeconomics, two goods are substitutes if the products could be used for the same purpose by the consumers. That is, a consumer perceives both goods as similar or comparable, so that having more of one good causes the consumer to desire less of the other good

Explanation:

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Answer 2

Answer:

In microeconomics, two goods are substitutes if the products could be used for the same purpose by the consumers.[1] That is, a consumer perceives both goods as similar or comparable, so that having more of one good causes the consumer to desire less of the other good. Contrary to complementary goods and independent goods, substitute goods may replace each other in use due to changing economic conditions.

Explanation:

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