CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Ceteris paribus, a change in the price of a commodity causes the quantity demanded of its complements to move:

A
In the same direction
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
In the opposite direction
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
In an insignificant manner
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Cannot be determined
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A In the opposite direction
Quantity demanded of the complements (complementary goods) of a commodity always moves in the opposite direction in comparison to the price of the commodity, implying inverse relation between the price of a commodity and the demand for its complementary goods.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Product and Pricing
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon