ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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football jersey and shoulder pads
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iPod and iPad
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bicycle and helmet
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computer and charging cord
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Detailed explanation-1: -Answer and Explanation: d. Dell desktop and HP laptop is not the example of the complementary goods.
Detailed explanation-2: -What are complementary goods? Complementary goods are goods/services that are typically used together, for example keyboard and computers, tennis balls and rackets, and milk and cookies.
Detailed explanation-3: -A substitute good is a good that serves the same purpose as another good for consumers. A complementary good is a good that adds value to another good when they are consumed together. Pepsi and Coke are a typical example of substitute goods, whereas fries and ketchup may be considered complements of each other.
Detailed explanation-4: -The correct answer is negative. Complementary goods have a negative cross-price elasticity.