DIFFERENCE BETWEEN SUPPLEMENTARY AND COMPLEMENTARY GOODS
Answers
Answer:
Explanation:
Complementary goods are two goods that are used together. For ex, car and petrol, bread and butter, etc
They have positive relation of demand , when price of one commodity is constant and other commodity's price is changing, it can effect its Complementary goods demand.
for ex. if price of bread is constant, but the price of butter increases, then demand for bread will also decrease with demand of butter, as they are used together.
Supplementary goods are two goods which can be used in place of each other. they are substitute of each other. for ex. colgate and pepsodent, fanta and merinda, maaza and slice, etc
they have negative relation of demand, when price of one commodity is constant and other commodity's price is changing, it can effect its supplementary good's demand.
for ex. if price of fanta is constant and price of merinda increases, then consumers of merinda will also demand for fanta, i.e., demand for fanta will increases while fir merinda will decreases.
Answer:
Complementary goods are two goods that are used together. For ex, car and petrol, bread and butter, etc
They have positive relation of demand , when price of one commodity is constant and other commodity's price is changing, it can effect its Complementary goods demand.
for ex. if price of bread is constant, but the price of butter increases, then demand for bread will also decrease with demand of butter, as they are used together.
Supplementary goods are two goods which can be used in place of each other. they are substitute of each other. for ex. colgate and pepsodent, fanta and merinda, maaza and slice, etc
they have negative relation of demand, when price of one commodity is constant and other commodity's price is changing, it can effect its supplementary good's demand.
for ex. if price of fanta is constant and price of merinda increases, then consumers of merinda will also demand for fanta, i.e., demand for fanta will increases while fir merinda will decreases
Explanation: