In this lesson, you will learn about substitute goods. You will have choices to make in your role as a shopper. In making these choices, you will decide whether you are willing to accept one good as a substitute for another or not. Are you willing to make substitutions at the grocery store? Complete this lesson and see.

Concepts

opportunity cost, scarcity, trade-offs

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Additional Tags

benefit, costs, council for economic education, econedlink, econedlink: sand art brownies, substitute goods, trade-off

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Classroom Considerations

• Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)