Pakistan's best MCQs practice hub — FPSC · PPSC · CSS · NTS · Other Exams
Login

If two goods are complements, an increase in the price of one good will lead to:

AA decrease in demand for the other good
BAn increase in demand for the other good
CNo change in demand for either good
DAn increase in quantity supplied of both goods

Explanation

For complementary goods (e.g., tea and sugar), a price rise in one decreases demand for the other.

Submitted by: mcqstutor Team More Economics MCQs →

No Comments

Leave a comment

Your email address will not be published. Required fields are marked *