Question

Point of difference between substitute and complementary goods

Answer 1

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Complementary goods: meaning of complementary is 'useful or attractive together'.

Substitute goods: substitute goods have inverse relationship to each other i.e Increase in price of one good will decrease the consumption of that particular good and demand for another good increases.

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Answer 2

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Complementary goods:- meaning of complementary is 'useful or attractive together'.

Substitute goods:- substitute goods have inverse relationship to each other i.e Increase in price of one good will decrease the consumption of that particular good and demand for another good increases.