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A substitute good is a good: - Economics

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Question

A substitute good is a good:

Options

  • Of higher quality than another good

  • That is not used in place of one another

  • That can be used in place of one another

  • Of low lower quality than another good

MCQ

Solution

That can be used in place of one another

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Determinants of Demand Or Demand Function - Market Demand Function
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Chapter 2: Elementary Theory of Demand - Exercise [Page 56]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 2 Elementary Theory of Demand
Exercise | Q 34. | Page 56
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