Substitute goods are those that can be used in place of each other to satisfy the same want (e.g., tea and coffee). They are interchangeable, so a rise in the price of one increases the demand for the other. Complementary goods are consumed together, not interchangeably.
The goods which can be used in place of each other are called ?
CUET UG 2023 — Economics Micro
2023mcqeasy
The goods which can be used in place of each other are called ?
Official previous-year question
Verified 13 Jul 2026.
Options
- A
Normal goods
- B
Complementary goods
- C
Substitute goods
- D
Giffen goods
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