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प्रश्न
Explain the impact on demand of complementary goods.
उत्तर
Complementary goods are goods that are typically used together, meaning that the consumption of one good enhances the consumption of the other. Examples include cars and gasoline, printers and ink cartridges, or mobile phones and SIM cards. The demand for complementary goods is interconnected, and changes in the price or demand for one good can significantly impact the demand for its complement.
The demand for complementary goods is closely linked. Changes in the price, availability, or attractiveness of one good directly affect the demand for its complement. Understanding this relationship is crucial for businesses and policymakers as they consider pricing strategies, market conditions, and economic policies.
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संबंधित प्रश्न
State two factors affecting the market demand for a commodity.
From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| A. Normal goods | (i) Goods the demand for which tends to fall with increase in income. |
| B. Inferior goods | (ii) Goods which cannot be used in place of one another. |
| C. Substitute goods | (iii) Goods which can be used in place of one another. |
| D. Joint demand | (iv) Goods the demand for which rise with increase in income. |
What do you mean by substitute goods?
Explain any four factors affecting the demand for a commodity.
Give the meaning of Price demand.
Give the meaning of Cross demand.
Give two examples of substitute goods.
Define complementary goods.
What are Veblen goods?
Milk can be put to several uses; therefore, it is called as a ______ good.
