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What do you mean by complements? Give ex...

What do you mean by complements? Give examples of two goods which are complements of each other.

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(i) Complementary goods are those which are useless in the absence of other goods and which are demanded jointly.

(ii) There would always exist an inverse relationship between price of complementary goods and demand for given commodity.
(iii) It means, with a rise in price complementary goods, the demand for given commodity falls and vice versa.
(iv) For example pen and refills, tea and sugar are complements to each other.
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FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
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  2. What do you mean by substitutes? Give examples of two goods which are ...

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  3. What do you mean by complements? Give examples of two goods which are ...

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  4. What is meant by demand ?

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  5. Define market demand.

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  6. Due to rise in price of commodity x the demand of commodity y falls. W...

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  7. Due to rise in price of commodity x the demand of commodity y falls. W...

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  8. How will an increase in the price of petrol affect the demand curve of...

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  9. A fall in the income of the consumer leads to a rise in the demand for...

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  10. What is meant by the law of demand?

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  11. When the demand for a good rises due to a fall in its own price, what ...

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  12. Define 'change in demand'.

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  13. What causes an upward movement along a demand curve of a commodity?

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  14. Give one reason for a shift in demand curve.

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  15. What determines the quantity of a good that the buyers demand for?

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  16. Why market demand curve is flatter?

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  17. Ceteris Paribus, if the government provides subsidies on electricity b...

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  18. Demand for a commodity refer to :

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  19. Contraction of demand is the result of:

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  20. All but one of the following are assumed to remain the same while draw...

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