Economy, asked by o4kamboj, 3 months ago

define briefly with differences
substitute good and complimentary goods​

Answers

Answered by farhaanaarif84
1

Answer:

Substitute goods are two goods that can be used in place of one another, for example, Dominos and Pizza Hut. By contrast, complementary goods are those that are used with each other. ... The key difference is that substitute goods replace one another, whilst complementary goods add value to the other.

Answered by Anonymous
9

Answer:

Substitute goods (or simply substitutes) are products which all satisfy a common want and complementary goods (simply complements) are products which are consumed together. Demand for a product's substitutes increases and demand for its complements decreases if the product's price increases

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