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Goods X and Y are complements when they are ______. - Economic Applications

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Question

Goods X and Y are complements when they are ______.

Options

  • Used together to satisfy a want

  • X is of better quality than Y

  • Used instead of each other

  • X is of inferior quality compared to Y

MCQ
Fill in the Blanks

Solution

Goods X and Y are complements when they are used together to satisfy a want.

Explanation:

Goods X and Y are considered complements when they are used together to satisfy a particular need or want. For example, printers and ink cartridges are complementary goods because they are typically used together.

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Determinants of Demand Or Demand Function
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Chapter 1: Elementary Theory of Demand - QUESTIONS [Page 18]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 1 Elementary Theory of Demand
QUESTIONS | Q 32. | Page 18
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