wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

If the price of good A decreases, the quantity demanded of good B increases. Then good A and B are _____ .

A
Substitute good
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Complementary good
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Normal good
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Inferior good
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Complementary good
Complementary goods are goods that are generally bought together by the consumer. For example, the demand for printers generates the demand for cartridges. If the price of printers reduce, consumers will buy more printers and hence demand of cartridges increases.

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