ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -When two goods are complements, they experience joint demand-the demand of one good is linked to the demand for another good. Therefore, if a higher quantity is demanded of one good, a higher quantity will also be demanded of the other, and vice versa.

Detailed explanation-2: -Demand for complementary goods is called Joint Demand. Joint Demand is the demand in which goods are related in such way that an increase in the demand for one causes an increase in the demand for the other.

Detailed explanation-3: -The demand for a good decreases, if the price of one of its complements rises.

Detailed explanation-4: -Complement goods Complementary goods are products which are bought and used together. A fall in the price of Good X will lead to an expansion in quantity demand for X. And this might then lead to higher demand for the complement Good Y. Complements are said to be in joint demand.

Detailed explanation-5: -Complementary goods are goods/services that are typically used together, for example keyboard and computers, tennis balls and rackets, and milk and cookies. When the price of a certain good decreases, the demand for its complementary good will increase.