Substitute Goods Graph. Let s consider an example to further illustrate the difference between these goods. A statistical negative correlation of presence absence.
Different brands of cars are substitute. Movement along the. Let s consider an example to further illustrate the difference between these goods.
Perfect substitutes exist if a consumer can use both goods in exactly the same way.
In that case the. The former is called a substitute good and the latter is a complementary good. Let s consider an example to further illustrate the difference between these goods. If the price of a substitute good increases the demand of the second good will increase.
