Question

Differentiate between complementary good and substitude good

Answer 1

Answer:

Complementary good: a product that is used or consumed jointly with another product. ... Substitute good: product that satisfies the same basic want as another product. Substitute goods may be used in place of one another.

Answer 2

Explanation:

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Substitute goods refer to those goods that can be consumed in place of each other. Complementary goods refer to those goods that are consumed together.