Weak Substitute Goods Examples. Weak substitutes like tea and coffee will have a low cross elasticity of demand. Since the use of both goods is directly proportional they have negative cross elasticity of demand.
Although the instructor may cancel the consumers dancing class they may wish to entertain themselves with a game of bowling instead. Two goods are a perfect substitute for each other when a perfectly good substitute can be used in the same way as the good it replaces. Substitute goods and xed.
A simple but very common example of a substitute good is ground beef rather than steak.
Below is a list of some common substitute goods. Refer to substitute good can have a complement each other news as a weak. For example bowling and dancing. Although the instructor may cancel the consumers dancing class they may wish to entertain themselves with a game of bowling instead.
