if the demand for good'y' increases as the price of another good'x' rises,how are the two goods related?
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good x and y are supplementary goods
supplementary goods are those goods which are perfect substitute of each other so they provide equal level of satisfaction
they have positive or direct relation i e if demand of 1 good rises then demand for another good will also rise and vice versa
supplementary goods are those goods which are perfect substitute of each other so they provide equal level of satisfaction
they have positive or direct relation i e if demand of 1 good rises then demand for another good will also rise and vice versa
Answered by
4
Explanation:
This are complementary goods which can be used in place of one another.
As the price of gud x will increase it will increase the demand of gud y.
hope it will be helpful☺
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