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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.
संबंधित प्रश्न
If a buyer buys less of a commodity when his income falls, how will his demand curve change? Illustrate your answer with a diagram.
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 substitute goods.
Give two examples of complementary goods.
