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Question
Give two examples of complementary goods.
One Line Answer
Solution
- Tea and Sugar
- Bread and Butter
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Determinants of Demand Or Demand Function
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RELATED QUESTIONS
Give one example of a pair of complementary goods.
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. |
With the help of a suitable example explain the effect of a rise in price on the demand for complementary goods.
Explain how quantity demanded for commodity X will be affected by An increase in the price of its substitute.
What is demand function?
Give the meaning of Income demand.
Give the meaning of Cross demand.
Give an example of inferior goods.
What are Veblen goods?
Given an example of Veblen goods.
