Home » General Knowledge » Indian Economy

If two goods are complements, then

Correct Answer: both B & C

Explanation:

In economics, If two goods are complements, then the cross elasticity of demand is negative. That means a good's demand is increased when the price of another good is decreased. Conversely, the demand for a good is decreased when the price of another good is increased. It is opposite of substitute goods. 


← Previous Question Next Question→

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion