CUET Preparation Today
| Increase in the price of coffee is expected to cause increase in demand for tea. In which of the following categories can the goods be categorized into? |
substitute goods complementary goods both of them none of them |
| substitute goods |
| Substitute goods are those goods which can be used in place of each other. For example: tea and coffee, sugar and jaggery, pen and pencil etc. Whereas, complementary goods are those goods which add to the value of the other good. For example: car and petrol, computer and keyboard etc. |
