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प्रश्न
What will be the effect on demand for cars, if petrol becomes expensive?
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उत्तर
If petrol becomes more expensive, demand for automobiles will decrease since automobiles and petrol are complementary items. As a result, when petrol prices rise, customers desire fewer cars. On the contrary, as the price of petrol declines, more vehicles are purchased.
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संबंधित प्रश्न
With suitable examples differentiate between complementary goods and substitute goods.
Explain clearly two factors which determine demand.
Identify the factor that affects market demand from the options below:
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?
Explain any four factors which determine the market demand.
State 2 types of related goods.
Define substitute goods.
Give two examples of complementary goods.
