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Elementary Theory of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElementary Theory of Demand1 Mark
Question
Define substitute goods. Give two examples.
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Answer

Substitute goods are those goods which can be used in place of one another,
Examples:
(i) Pepsi and Coca-Cola $\quad$ (ii) Tea and Coffee

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