Hi...there is some confusion in substitute and complementary goods. Substitute goods: When the price rise of one product results in an immediate and equal increase in demand for another, they are substitute goods. There is a positive cross-elasticity of demand. Complementary: When the price rise of one product results in a decrease in demand for another, they are complementary goods. There is a negative cross-elasticity of demand.
Hi...there is some confusion in substitute and complementary goods.
Substitute goods: When the price rise of one product results in an immediate and equal increase in demand for another, they are substitute goods. There is a positive cross-elasticity of demand.
Complementary: When the price rise of one product results in a decrease in demand for another, they are complementary goods. There is a negative cross-elasticity of demand.
Thank you ma'am for uploading the video & i better understood by your explanation, Also i have enjoyed the video (lecture) 😊
Ma'am video बहुत अच्छा है , आपका शुक्रिया
U r teaching extra ordinarly well
Thank you mam..
The presentation was fabulous..
Best wishes from Bangladesh..
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the best presentation...thanks
Thnx a lot ma'am. It's very helpful.
I like your video
Nice explanation mam 👍👌
Hello Ma'am plz check substitute n complementary goods concept once....
Yes right
Thank you for making us understand the topic in the easier way
Thank you so much for the video, it is so easy to understand 😊. Great lecture 😀
Tanks sooooo much ma'a it's very helpful
What are the main factors that will affect the meal order delivery ?
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Thank you mam lt is very helpful.
Sooper
Thank you ma'am ! :)
Thank you 🙏🏻
Powli
What the mins of powil
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You look like an Angel sent from heaven.
thankyou mem