Substitute goods

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This video is the Graphical representation of relationship between Price of one good and demand for its substitute good. Substitute goods are the goods that can be used in place of each other. Here we have taken the example of Coke and Pepsi as substitute goods. There is a positive relationship between price of one and the demand for its substitute.
  1. Ekjyot Gujral
  2. #economics
  3. #substitutegoods
  4. #microeconomics
  5. #selfstudymaterial
  6. #onlineteaching
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