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प्रश्न
If due to fall in the price of good X, demand for Y rises, the two goods are ______.
विकल्प
Substitutes
Complements
Not related
Competitive
उत्तर
If due to fall in the price of good X, demand for Y rises, the two goods are complements.
If the demand for good Y rises due to a fall in the price of good X, it indicates that the two goods are complements. Complementary goods are typically used together, so a decrease in the price of one leads to an increase in the demand for the other. For example, if the price of printers (good X) falls, the demand for ink cartridges (good Y) may rise, as more people buy printers and also need cartridges.
संबंधित प्रश्न
Give one example of a pair of complementary goods.
Which of the following pairs of goods are most likely substitutes?
Which of the following is not a determinant of demand?
What kind of a commodity will have inverse relation between income and demand?
Mobile phones and SIM cards are examples of ______.
If the quantity demanded of commodity X decreases as the householder's income increases. What type of a commodity is X? Give an example.
Define market demand.
What is demand function?
Explain any four factors affecting the demand for a commodity.
Give the meaning of Income demand.
Give two examples of substitute goods.
Define complementary goods.
Give an example of Giffen goods.
Car and petrol are examples of ______ demand.
When income increases, the demand for ______ type of good will increase.
Detergent powder and detergent cake are examples of ______.
Milk can be put to several uses; therefore, it is called as a ______ good.
