Asked by
Nashya Houff
on Oct 09, 2024
Verified
Toothpaste and toothbrushes are substitute goods.
Substitute Goods
Products or services that can replace each other in use, serving the same purpose, leading consumers to switch based on changes in price, availability, or preferences.
- Acquire knowledge on the role of supply and demand in determining market equilibriums and pricing.
Verified Answer
JT
Learning Objectives
- Acquire knowledge on the role of supply and demand in determining market equilibriums and pricing.