40
Question
Which of the following pairs represents substitute goods?
Which of the following pairs represents substitute goods?
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Solution
The correct option is A Juice and cold drink
Juice and cold drinks can be taken in place of each other. Therefore,they are substitute goods as substitute goods are those goods where demand of one good rises when the price of another good gets increased.
Juice and cold drinks can be taken in place of each other. Therefore,they are substitute goods as substitute goods are those goods where demand of one good rises when the price of another good gets increased.
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