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Multiple Choice Questions

If goods A and Z are complements an increase in the price of good Z will ........

General Studies (CHSL) Indian Economy
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    If goods A and Z are complements, an increase in the price of good Z will _____.
    increase demand for good A
    Incorrect Answer
    decrease demand for good A
    Correct Answer

    decrease demand for good Z

    Incorrect Answer

    increase demand for good Z

    Incorrect Answer
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    Explanation:
     A complementary good is a good whose appeal increases with the popularity of its complement. Technically it displays a negative cross elastic of demand and that demand for it increases when the price of another good decreases.

    By: Barka Mirza
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