Economy, asked by saloni3115, 1 year ago

what is substitute goods and complementary goods​

Answers

Answered by nirvika3
7

Answer:Substitute goods are the goods which can be used in place of another one

complementary good is a good which shares or offers a beneficial relationship with another good.

Explanation:

Answered by itzaryan68
3

Answer:

Substitute goods (or simply substitutes) are products which all satisfy a common want

and

complementary goods (simply complements) are products which are consumed together. Demand for a product's substitutes increases and demand for its complements decreases if the product's price increases.

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