ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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.

Detailed explanation-2: -Complementary goods are products that increase in value when the demand for relative products increases. For example, if the demand for cell phones increases, the demand for cell phone chargers might also increase. Complementary products also rely on pricing.

Detailed explanation-3: -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-4: -A Complementary good is a product or service that adds value to another. In other words, they are two goods that the consumer uses together. For example, cereal and milk, or a DVD and a DVD player.

Detailed explanation-5: -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).