SUBSTITUTE GOODS
Substitute goods are the goods that are substitute to each other.
Two substitute goods are ones where directory of change in price of first and consumption of second.
Example,if price of coca cola rises,consumption of pepsi may remain same or increased, while consumption of coca cola reduced.
Substitute goods are the goods that are substitute to each other.
Two substitute goods are ones where directory of change in price of first and consumption of second.
Example,if price of coca cola rises,consumption of pepsi may remain same or increased, while consumption of coca cola reduced.
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