Question

What do you mean by substitutes? Give examples of two goods which are substitutes of each other.

NCERT Class XII
Economics - Introductory Microeconomics

Chapter 2. Theory of Consumer Behaviour

Answer 1

Substitutes goods are those which have similar prices and technology .For example,like pen or ball,tea or coffee etc
In case of substitue goods ,the demand for a commodity falls with a fall in the price of other commodities.A fall in the price of tea will increase the demand for tea and will decrease the demand for coffee.