sentence: Real leather is much more durable, and has a different look and feel.
sentences_before: For 'imperfect substitutes', the customer has to make a trade-off, either in price, or in quality. Artificial leather is much cheaper than real leather, and can replace it in many situations - artificial and real leather are substitute goods.
sentences_after: When these factors are important, the two are not interchangeable. For this reason artificial and real leather are imperfect substitutes.
concept_name: real leather
headings: Substitute good
categories: Microeconomics Goods