Substitute Goods Tea And Coffee. Substitute goods are those goods which can be used in place of one another for satisfaction of a particular want like tea and coffee. It is great substitute for tea and coffee.
But for most people their preference for a particular drink is more important than a small difference in price. It is the best substitute for tea and coffee. Weak substitutes like tea and coffee will have a low cross elasticity of demand.
But for most people their preference for a particular drink is more important than a small difference in price.
Daily consumption of herbal tea keeps away you from doctor. It is the best substitute for tea and coffee. Because you consume the whole leaf matcha is typically higher in caffeine than regular brewed green tea and sometimes higher than coffee. Weak substitutes like tea and coffee will have a low cross elasticity of demand.
