ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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.

Detailed explanation-2: -Meaning of Complementary Goods An object used in combination with another product or service is a complementary good or service. Usually, when consumed alone, the complementary good has little or no value. Still, when paired with another good or service, it adds value to the overall value of the bid.

Detailed explanation-3: -Compliments are two goods that are bought and used together; whereas, substitutes are goods used in place of another.

Detailed explanation-4: -Supplementary Goods or Complementary Goods are goods that are used together. E.g. shoes and socks, knife and cutting board, … Remember, complementary sounds like complete, so in a sense, the products will complete each other (it would make more sense if they go together).