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प्रश्न
The figure given below shows the relation between the quantity demanded for the good X and the price of the good Z. What type of goods are X and Z?
विकल्प
Unrelated goods
Substitute goods
Complementary goods
Giffen goods
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उत्तर
Complementary goods
Explanation:
The price of an item Z and the demand for its complement good X have an inverse relationship. When the price of good Z rises, it reduces not only the demand for good Z, but also the desire for good X. The graph depicts the indirect relationship between the price of Good Z and the demand for Good X. As a result, they are complimentary items.
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संबंधित प्रश्न
| Group 'A' | Group 'B' | ||
| a. | Pen and ink | 1 | Quantity-price |
| b. | Revenue | 2 | Accident |
| c. | Insurable risk | 3 | Transfer income |
| d. | Unemployment allowance | 4 | Short period |
| e. | Reverse repo rate | 5 | Long period |
| 6 | Change in demand | ||
| 7 | Joint demand | ||
| 8 | Quantity * price |
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