Economy, asked by SameerRonaldo, 5 months ago

what do you mean by substitution and complementary goods

Answers

Answered by akshrajain30aug2007

1

Complements are goods that are consumed together. Substitutes are goods where you can consume one in place of the other. ... When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases.

Answered by haritha45

0

Complements are goods that are consumed together. Substitutes are goods where you can consume one in place of the other. ... When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases.

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