Practicing Success
In the locality of Pitampura, the price of sugar is Rs.60 per kg and that of tea leaves is Rs. 50 per kg. One day, the price of sugar rose from Rs. 60 to Rs. 70 per kg. This will show some impact on the demand of sugar. |
Same Opposite No relation None of the above |
Opposite |
Since tea and sugar are used together, an increase in the price of sugar is likely to decrease the demand for tea leaves and a decrease in the price of sugar is likely to increase the demand for tea leaves. They are complementary goods and used together. |