Substitute Goods Graph. In the diagram on the left there is a fall in the price of android phones causing consumers to demand more. Different brands of cars are substitute.
Perfect substitutes exist if a consumer can use both goods in exactly the same way. Different brands of cars are substitute. Substitute goods are those goods which can be used in place of one another for satisfaction of a particular want like tea and coffee.
Different brands of cars are substitute.
A statistical negative correlation of presence absence. Graph of two substitute goods. Different brands of cars are substitute. Substitute goods tend not to appear in the same bundle of goods purchased in a certain shopping session.
