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.

Answered by Christopher L. Economics tutor

15834 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What are the factors affecting the price elasticity of demand?


How does the exchange rate mechanism affect aggregate demand in the UK?


Explain how a fall in interest rates can affect total spending in the economy.


Explain one negative externality that could occur due to the building of a new airport.


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