ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is an example of substitutes?
A
butter & margarine
B
computers & software
C
flashlights & batteries
D
iPhones & earbuds
Explanation: 

Detailed explanation-1: -Customers who purchase butter may use margarine as a substitute in cooking and baking.

Detailed explanation-2: -While keeping that in mind, some of the most commonly used substitutes include coconut oil, coconut butter, olive oil, safflower oil, nut butter, applesauce, yogurt, and dairy free butter.

Detailed explanation-3: -Petrol and diesel as a pair of goods is an example of substitutes and other pairs are examples of complementary goods.

Detailed explanation-4: -Ghee, coconut oil, and olive oil have properties that are comparable to butter, which make them appropriate baking substitutes.

Detailed explanation-5: -Canola, vegetable, and olive oils are pure fats and can be wondrous substitutes for butter in baking. What they may lack in flavor, they make up for in moisture. If you can, use a 50/50 combination of butter and oil in recipes calling for butter-this way you get a some butter flavor and the moisture from the oil.

There is 1 question to complete.