Give two examples of substitute goods Economics
Consumers themselves contribute to the challenges, as their behavior can be unpredictable. The rise of social media and influencer marketing has the power to quickly alter perceptions and demand for certain goods. A viral post promoting the benefits of almond milk over cow’s milk, for example, can lead to a sudden spike in demand that supply chains struggle to meet. Substitute goods are products that can be used in place of each other, while complementary goods are products that are…