Give one example of perfect and imperfect substitutes.

Perfect substitute could be anything like: Pepsi and Coca-Cola, PG Tips and Typhoo etc. Imperfect substitute can be things like: Tea and Coffee, Beer and Wine.

CL
Answered by Christopher L. Economics tutor

16044 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Why are subsidies a more efficient way of reducing prices than price ceilings are?


Assess the impact of minimum wage legislation on a developing economy.


Explain the meaning of the term ‘externality’ and give an example of one that is negative.


What are some of the sources of unemployment?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences