When an increase in the price of a commodity lead to a fall In the demand for another, the demand for the two commodities are said to be
a
competitive
b
joint
c
composite
d
derived
Explanation
Correct Option
bVideo Explanation
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Discussions (9)
Oretife10
1 year ago
An increase in the price of A led to a FALL in The demand for B, this is because A and B are complementary
survivorno1
1 year ago
Joint is also known as complementary so the answer is B.
Joint/Complementary Demand is when 2 products are mostly used together like bread and butter so if the price of bread increases, the demand for butter will automatically decreases and vice versa.
