which commodity known as complementary commodity
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Explanation:
There lies an inverse relationship between the price of one complementary good and the demand for another complementary good, since the complementary goods are required to be consumed together. Thus, with rise in price of one commodity, which is complementary good, the dem for the other decreases.
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Hey!!
Complimentary goods are goods which are used together...
Increase in demand of one complimentary good increases the demand for the other complimentary good as well.
Eg. cup & saucer
Shoe & socks
Eg. if there is an increase in the price of petrol, then the quantity demanded for the car will also decrease applying law of demand.
Hope this helps you!!
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