Question

distinguish between substitute goods and complementary goods. write any five points

Answer 1

Answer:

Explanation:

Substitute goods: substitute goods are those in which an increase in the price of one goods results in an increase in the quantity demanded of the other good .e.g Tea , coffee .

Complementry goods : complementry goods are those goods in which an increase in the price of one good results in decrease in the quantity demanded of the other goods .e.g petrol and car .

Hope you understand.