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Cross Price Elasticity of Demand

Substitute Goods: Meaning, Elasticity, Examples

Updated on February 4, 2020 by Ahmad Nasrudin

Substitute Goods Meaning Elasticity Examples

Substitute goods refer to two or more goods that meet similar needs, so they become alternatives to each other. For example, Coca-Cola is a close

Topic: Cross Price Elasticity of Demand, Elasticity, Substitutes Category: Microeconomics

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