Question

Which of the following are examples of substitute goods? shoes; shoe laces. steaks; knives and forks. oil; water. McDonalds' Big Mac; Burger King's Whopper O

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Answer 1

Ans) Substitute goods are those which can be used in place of each other. Complementary goods are those which are used together.

Here substitute goods are÷ Mc donalds big mac and burger kings whopper. Because both are burgers and one can chose to eat either of them.

Here shoe and shoe laces are complementary goods

Steaks and knives are also complementary.