Economy, asked by aroraakshay820, 11 months ago

what are substitue goods​

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Answered by Aditya95648
2

A substitute good is a good that can be used in place of another. In consumer theory, substitute goods or substitutes are goods that a consumer perceives as similar or comparable, so that having more of one good causes the consumer to desire less of the other good.

Answered by Anonymous
1

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A substitute good is a good that can be used in place of another. In consumer theory, substitute goods or substitutes are goods that a consumer perceives as similar or comparable, so that having more of one good causes the consumer to desire less of the other good.

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