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Question
If two goods are Complements, it means that a rise in the price of one commodity will lead to -
If two goods are Complements, it means that a rise in the price of one commodity will lead to -
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Solution
The correct option is C Downward Shift in demand for the other commodity
If two goods are
complements, this means
that a rise in the price of one commodity will induce a downward shift in demand for the other commodity. The prices
of complementary or substitute goods also shift the demand
curve. When the price of a good that complements a good decreases, then the
quantity demanded of one increases and the demand for the other increases.
If two goods are complements, this means that a rise in the price of one commodity will induce a downward shift in demand for the other commodity. The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases.
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