Question

Which pair of the following goods is the example of substitute goods

Answer 1

Answer:

Hope it helps you.

Explanation:

Examples of Substitute Goods

Coca-cola and Pepsi.

Car, motorbike, bike and public transport.

Butter and margarine.

Tea and coffee.

Bananas and Apples.

Cigarettes and e-cigarettes.

Answer 2

Examples of substitute goods include margarine and butter, tea and coffee, and beer and wine. All goods sold within a perfect competition market structure (like the previous example of the potato farms) are substitute goods