Complementary Goods

Q.

How has the consumption pattern of energy changed over the years?

Q.

What do you mean by transmission and distribution losses? How can they be reduced?

Q. If two goods are complements, this means that a rise in the price of one commodity will induce _________.

1. an upward shift in the demand for the other commodity
2. a rise in the price of the other commodity
3. no shift in the demand for the other commodity
4. a downward shift in the demand for the other commodity

Q. Two goods which have to be consumed simultaneously are called _______ goods.

1. identical
2. complementary
3. substitutes
4. none of these