Use the table below to answer the following questions.
Table 3.5.4
Quantities demanded and supplied in equilibrium before and after a drought strikes potato farms

-In Table 3.5.4 potatoes and rice are

Question

Use the table below to answer the following questions.
Table 3.5.4
Quantities demanded and supplied in equilibrium before and after a drought strikes potato farms
 
-In Table 3.5.4 potatoes and rice are

Quizplus · Accepted Answer

Substitutes are goods that can replace each other, meaning if the price of one goes up, the demand for the other increases as people switch to the cheaper alternative. If potatoes and rice are substitutes in both regions, it implies that consumers in both regions view these goods as interchangeable to some extent, choosing between them based on price, preference, or availability.

Use the Table Below to Answer the Following Questions