Economics GCSE
Substitutes
What Substitutes means in Economics GCSE, as defined for AQA.
Definitions of Substitutes
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
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Reference: AQA
Related goods that replace each other, so the price of one affects the demand for the other.
Alternatives that let consumers easily switch if a price rises, making demand elastic.
Topics that use Substitutes
- Demand for goods and services (AQA GCSE)
- Price elasticity of demand (AQA GCSE)
Related terms
- Consumer behaviour
- Consumer income and preferences
- Consumer responsiveness
- Decrease in demand
- Demand
- Demand curve
- Elasticity classification
- Goods and services
Using Substitutes in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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