How is price elasticity of demand for substitute goods different from other goods?

How is price elasticity of demand for substitute goods different from other goods?

The price elasticity of demand for substitute goods is different from other goods because it is generally higher. Substitute goods are products that can be used as alternatives to each other, meaning that if the price of one substitute good increases, consumers are more likely to switch to the other substitute good. This high substitutability leads to a higher price elasticity of demand for substitute goods, as even a small change in price can result in a significant change in the quantity demanded. In contrast, for other goods that do not have close substitutes, the price elasticity of demand tends to be lower as consumers have fewer alternatives to switch to.