Demand for pen and ink is ___.
a) competitive
b) indirect
c) complementary
d) composite
Answers
Answered by
6
c) Complementary .
Answered by
0
The demand for pen and ink is complementary.
- Complementary goods are goods for which if the cost of one product rises the demand for the complementary product falls.
- Pen and ink are complementary to each other. If the prices of fuel rise the demand for cars will fall in the market.
- They have a negative cross elasticity of demand the price of a pen and the demand for ink is inversely proportional to each other.
The correct answer is complementary.
Similar questions