New! PrivateView
Beta
Here are 20 examples of substitute goods and services: 1. Butter and margarine Customers who purchase butter may use margarine as a substitute in cooking and baking. If the price of butter rises, the demand for it may decrease, while the demand for margarine may increase. For example, if a customer is planning to bake a batch of cookies and needs a few sticks of butter, they may purchase margarine if the price of butter is higher than expected. 2. Physical books and e-books
Copied 
See Cached Version
Your search and this result
- The search term appears in the result: examples of substitute goods
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (India)
New! PrivateView
BetaSubstitute goods are products that can satisfy the same customer needs as each other. Learn the meaning, types, and impact of substitute goods with examples from various industries, such as technology, streaming, transportation, and healthcare.
Copied
See Cached Version
Your search and this result
- The search term appears in the result: examples of substitute goods
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (India)
New! PrivateView
BetaLearn the definitions and examples of substitute and complementary goods, and how they affect each other's demand. See how different types of fuels, meats, drinks, and music formats are examples of substitute goods.
Copied
See Cached Version
Your search and this result
- The search term appears in the result: examples of substitute goods
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (India)
New! PrivateView
BetaLearn what substitute goods are, how they affect consumer behavior and market competition, and see 11 examples of direct and indirect substitutes. Substitute goods are products or services that can be used in place of another, and their demand depends on various factors such as price, quality, and geography.
Copied
See Cached Version
Your search and this result
- The search term appears in the result: examples of substitute goods
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (India)
New! PrivateView
BetaAn example of substitute goods is butter and margarine. Both products serve the same purpose of spreading on bread or cooking, so when the price of butter rises, consumers may opt for margarine as a cheaper alternative. Examples of Complementary Goods. Complementary goods refer to products that are consumed or used together, enhancing the marginal utility that each good provides. The demand for one good is directly related to the demand for the other.
Copied
See Cached Version
Your search and this result
- The search term appears in the result: examples of substitute goods
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (India)
New! PrivateView
BetaExamples of Substitute Goods. Coca-cola and Pepsi; Car, motorbike, bike and public transport; Butter and margarine; Tea and coffee; Bananas and Apples; Cigarettes and e-cigarettes. Cross Elasticity of Demand of Substitute Goods. Cross elasticity is the percentage change in quantity demanded for a good that occurs in response to a percentage change in price of anther good:
Copied
See Cached Version
Your search and this result
- The search term appears in the result: examples of substitute goods
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (India)
New! PrivateView
BetaLearn the definition and types of substitute goods, which are two alternative goods that could be used for the same purpose. See examples and diagrams of close, weak and perfect substitutes and their cross elasticity of demand.
Copied
See Cached Version
Your search and this result
- The search term appears in the result: examples of substitute goods
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (India)
New! PrivateView
BetaSome other examples of substitute goods are Pepsi and Coca-Cola, tooth paste and tooth powder, ink and ball pens, butter and margarine, an Android phone, and an Apple iphone. Graphs. Let's consider two substitutes: Pepsi and Coca-Cola. The economic relationship between the price of Pepsi and the quantity demanded of Coke is positive. This relationship is illustrated by using the following graphs:
Copied
See Cached Version
Your search and this result
- The search term appears in the result: examples of substitute goods
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (India)
New! PrivateView
BetaThere are many examples of substitute goods and many different situations where a consumer substitutes one product for the other. The following is a list of examples of price substitution:
Copied
See Cached Version
Your search and this result
- The search term appears in the result: examples of substitute goods
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (India)
New! PrivateView
BetaWhen the price of one product rises, the demand for its substitute often increases. Examples of substitute goods include currency, competing soda brands, and alternative transportation methods. Substitutes can be perfect or less perfect, depending on consumer perception. In different market structures, the role and impact of substitutes vary.
Copied
See Cached Version
Your search and this result
- The search term appears in the result: examples of substitute goods
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (India)
Searches related to examples of substitute goods
Searches related to examples of substitute goods
