Asked/Added Questions From NCERT:

Question 1. Asked on :24 August 2019:08:02:13 PM

Difference between complementary goods and substitute goods ?

-Added by anjali thakur Economics » Complementary Goods And Substitute Goods

Answer:

Master Purushottam
1. Substitute goods are independent to each other while as complementary goodsare inter-dependent. 2. If the price of one good increases, the demand of itssubstitute good increases while on the other hand if the price of good increases, the demand its complementary good decreases

-Answered by Master Purushottam On 24 August 2019:08:06:21 PM

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