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प्रश्न
Define complementary goods.
Define complementary goods (complements).
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उत्तर
Complementary goods are those goods that are used jointly or consumed together, like cars and petrol or gas and gas stoves. In the case of complementary goods, an increase in the price of one good decreases the demand for the other goodits complementary good.
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संबंधित प्रश्न
With help of an example explain the term complementary goods.
Explain clearly two factors which determine demand.
The wide gap between the rich and poor with reference to income highlights ______ determinant of the market demand.
A substitute good is a good:
What will be the effect on demand for tea, if the price of coffee falls?
What will be the effect on demand for cars, if petrol becomes expensive?
State 2 types of related goods.
Define substitute goods.
Give two examples of substitute goods.
Give two examples of complementary goods.
