{"id":54272,"date":"2024-04-16T00:07:20","date_gmt":"2024-04-16T00:07:20","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=54272"},"modified":"2024-04-16T00:07:20","modified_gmt":"2024-04-16T00:07:20","slug":"which-of-the-following-pairs-of-commodities-is-an-example-of-substitutes","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-pairs-of-commodities-is-an-example-of-substitutes\/","title":{"rendered":"Which of the following pairs of commodities is an example of substitutes?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Coffee and milk&#8221; option2=&#8221;Diamond and cow&#8221; option3=&#8221;Pen and ink&#8221; option4=&#8221;Mustard oil and coconut oil&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is D. Mustard oil and coconut oil.<\/p>\n<p>Substitutes are goods or services that can be used in place of each other. For example, coffee and tea are substitutes, as people can drink either one to get their caffeine fix. Diamonds and cows are not substitutes, as they are not used for the same purpose. Pens and ink are not substitutes, as pens can be used with different types of ink.<\/p>\n<p>Mustard oil and coconut oil are both edible oils that can be used in cooking. They have different flavors and textures, but they can be used interchangeably in many recipes. Therefore, they are considered substitutes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Coffee and milk&#8221; option2=&#8221;Diamond and cow&#8221; option3=&#8221;Pen and ink&#8221; option4=&#8221;Mustard oil and coconut oil&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-54272","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following pairs of commodities is an example of substitutes?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-pairs-of-commodities-is-an-example-of-substitutes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following pairs of commodities is an example of substitutes?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Coffee and milk&#8221; 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