Substitute goods
What Substitute goods means in Economics GCSE, as defined for AQA.
Definitions of Substitute goods
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Reference: AQA
Goods that are alternatives to each other, so that consumers switch to one when the price of the other rises.
Alternatives that can be used in place of each other, such as tea and coffee.
Products that can be used in place of one another.
Topics that use Substitute goods
- Intermarket relationships (AQA GCSE)
Related terms
Using Substitute goods in the exam
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