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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.
What is close subsitute of a product?
A close substitute of a product is one which can easily replace it - eg margarine is a close substitute of butter. Two products are substitutes if they have a positive cross-elasticity - as the price of one increases, the quantity of the other increases
What product has no substitute?
Petrol
What is the meaning for substitute?
its something you use instead of that one thing.
Which describes a nicotine- substitute product?
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Which describes nicotine-substitute product?
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What is the substitute good definition and how does it relate to consumer behavior in the market?
A substitute good is a product that can be used in place of another similar product. In consumer behavior, the availability of substitute goods can impact purchasing decisions. If the price of one product increases, consumers may choose to buy a substitute good instead, leading to changes in demand and market dynamics.
Is there a product to be mixed with shotcrete that will substitute for rebar in an in ground pool?
No
What is the robo sand?
Its a substitute to Natural Sand.An innovative Product.
What makes one product a good substitute for another"?
A product can be a good substitute for another if it serves the same purpose, has similar features, and offers a comparable level of quality and value to the consumer.
What is the definition of a substitute good in economics?
A substitute good in economics is a product that can be used as an alternative to another product, providing similar benefits or serving a similar purpose. When the price of one good increases, consumers may choose to buy the substitute good instead.
Can diabetics use this product?
I am a diabetic and this product is a very good sugar substitute that is safe for us diabetics.
