What is the effect of demand of complemetry goods if consumers pref changes frm tht good?
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Complementary goods are those goods which complete the demand for each other, a fall in the price of one cause increase in the demand for the other end a rise in the price of one cause decrease in the demand for the other.
When The price of a complementary good increases demand for a given good Falls and the price of a complementary good decreases demand for a given good rises.
If the taste and preference of customer towards complementary good changes then the demand of complementary good will decrease.
Complementary goods are those goods which complete the demand for each other, a fall in the price of one cause increase in the demand for the other end a rise in the price of one cause decrease in the demand for the other.
When The price of a complementary good increases demand for a given good Falls and the price of a complementary good decreases demand for a given good rises.
If the taste and preference of customer towards complementary good changes then the demand of complementary good will decrease.
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