Which of the following product pairs could best be considered substitute goods?
A) Peanut butter and jelly
B) Bagels and muffins
C) Hot dogs and buns
D) Steak and applesauce

Question

Quizplus · Accepted Answer

Substitute goods are products that can replace each other in use or consumption. Bagels and muffins serve similar purposes (e.g., breakfast items, snacks) and can easily replace one another based on consumer preference, making them the best example of substitute goods among the options provided.

Which of the Following Product Pairs Could Best Be Considered