Advertisements
Advertisements
प्रश्न
What will be the impact of a rise in price on the demand for its complementary goods?
उत्तर
If the price of the complementary good increases, demand will decrease. If the price of butter rises, it is extremely likely that some people will cease eating it. Consequently, demand for bread will decline.
APPEARS IN
संबंधित प्रश्न
State two factors affecting the market demand for a commodity.
What are inferior goods?
Explain the impact on demand of complementary goods.
Differentiate between Giffen goods and inferior goods.
Explain how quantity demanded for commodity X will be affected by Government policy.
What is demand function?
Explain any four factors affecting the demand for a commodity.
Give the meaning of Price demand.
Give the meaning of Cross demand.
Give an example of inferior goods.
