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Good that can be used in place of another good.
Wiki User
∙ 8y ago
Wiki User
∙ 8y agoA substitute good is one that can be used in place of another good.
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Who wrote the song- substitute?
The band "The who" wrote and performed the song "Substitute".
What is a good substitute for an umbrella in a old popular song?
A smile, is the substitute for an umbrella. The song is "Let a Smile Be Your Umbrella".
What is a substitute for violin rosin?
soap.....bar soap --------- There is no substitute although hyper allergenic versions are available. SuperSensitive also makes a synthetic hydrocarbon resin. These are all still called rosin and no, soap is not a substitute. Dave Lashof
What is a substitute for cabbage?
Purple cabbage, kale, arugula, watercress, endive are the substitute for cabbage.
What are brown goods?
"Brown Goods" is industry slang for all electronic products, tv, stereo, ect. "White Goods" refers to appliances.
When consumers get more money they tend to substitute normal goods for what goods?
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
Examples of substitute goods and complementary goods under supply?
tea and coffe are substitute goods tooth brush and tooth paste are complementary goods
Is an example of substitute goods?
Substitute goods are goods that can serve as replacements for one another; when the price of one increases, demand for the other increases. One may substitute tea for coffee. A perfect substitute is an identical product. One may substitute a Ford for a Toyota.
When consumers get more money they tend to substitute normal goods for goods?
inferior
What is an example of substituted goods?
Substitute goods are goods that can serve as replacements for one another; when the price of one increases, demand for the other increases. One may substitute tea for coffee. A perfect substitute is an identical product. One may substitute a Ford for a Toyota.
What is price of related goods in demand?
Price of related goods in demand means prices of substitute goods and complementary goods.
A close-substitute is what?
A close substitute is a product or service you can purchase in place of another and still get the same satisfaction. There are many substitute goods available on the market.
Can you substitute canola oil for vegan margarine in baked goods?
Yes.You can also substitute margarine with nut butters.
What is the merits of elasticities of demand?
It helps the producer to know the type of goods to produce when goods of the same substitute exist.
What are examples of substitute goods?
Good that can be used in place of another good.
What is Consumers' ability to substitute among different goods?
the law of demand
When consumers get more money they tend to substitute what kind of goods for normal goods?
Consumers with more money are more likely to purchase luxury goods.
