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Vipin Sing

· started a discussion

· 1 Months ago

I think it will induce .. downward shift in other good.... ie C option is correct (Question:358261.0)

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Question:

If two goods are complements, this means that a rise in the price of one commodity will induce:

Options:
A)

An upward shift in demand for the other commodity

B)

A rise in the price of the other commodity

C)

A downward shift in demand for the other commodity

D)

No shift in demand for the other commodity

Solution:

Ans: (a)

Knowledge Expert

· commented

· 1 Months ago

Dear Student
a thing that contributes extra features to something else in such a way as to improve or emphasize its quality.
a number or quantity of something, especially that required to make a group complete.

The above two statements are 2 definitions of the word"complement".
Complements are something which completes
Thus if the price of one will increase
it will definitely create an upward shift in the demand of the other entity.
Think for yourself
Your parents are complement of you
When you work hard and grow to be a successful person and will have a significant status in the society.
Your parents will feel proud too and consequently their stature will too be elevated by the fruitful results of your hard work
Regards
TR
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