Question

If a pair of socks are
required along with a
pair of shoes, it implies that wants are? ​

Answer 1

If a pair of socks are required along with a pair of shoes, it implies that wants are Complementary.

Explanation:

• A Complementary good are the goods or service that adds value to another. Two goods are said to be complementary goods if using more of one good requires the use of more of other goods.
• In simple words, they are two goods that the consumer uses together.
• It implies that the quantity demanded for good A increases, so does the demand for good B and vice-versa.
• Here, If a pair of socks are required along with a pair of shoes, it implies that wants are Complementary.
• As if the demand of shoes increases so, the demand of socks automatically increases.