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Dishtuingish between substitute goods and complementary …

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Dishtuingish between substitute goods and complementary goods

Posted by Aminujjma Ansari 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Nitin Jain 6 years, 11 months ago

Substitute goods - positive effect , if price of one commodity goes up then demand of other commodity also rises for example Coke and Pepsi if price of Coke rises then demand of Pepsi will also rise and vice versa Complementory goods - negative effect , if price of one commodity goes up than demand of other commodity declines because they are complement of each other for example car and tyre if price of tyre rises then demand of car decreases and vice versa

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