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5 examples of substitute goods

5 examples of substitute goods

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The substitute goods are the ones that are the alternative for one another. They may or may not be perfect substitutes of each other. The increase in demand of one good results in the decrease in demand of another good in the case of substitute goods. The examples of substitute goods are tea and cofffee, ball pen and gel pen, juice and soft drinks, burger from Mc Donalds and burger from Burger King (direct substitute), cup of coffee from Starbucks and cup of coffee from Cafe Coffee Day(direct substitute).

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