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 mam..
The presentation was fabulous..
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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
You are best teacher 👍👍👍👍👍👍👌👌👌👌👌👌
the best presentation...thanks
Thnx a lot ma'am. It's very helpful.
I like your video
U r teaching extra ordinarly well
Hello Ma'am plz check substitute n complementary goods concept once....
Yes right
Tanks sooooo much ma'a it's very helpful
Thank you so much for the video, it is so easy to understand 😊. Great lecture 😀
Nice explanation mam 👍👌
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Sooper
Thank you for making us understand the topic in the easier way
Thank you mam lt is very helpful.
Thank you ma'am ! :)
Powli
What the mins of powil
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You look like an Angel sent from heaven.
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thankyou mem