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प्रश्न
What will be the effect on demand for cars, if petrol becomes expensive?
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 help of an example explain the term complementary goods.
With suitable examples differentiate between complementary goods and substitute goods.
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:
A substitute good is a good:
What will be the effect on demand for tea, if the price of coffee falls?
State 2 types of related goods.
Give two examples of substitute goods.
Define complementary goods.
Give two examples of complementary goods.
