Hi All,
This query is related to Demand and supply: in Managerial Economics and the term is in presentations sent by Navaneeth.
On slide no 17, in Demand and Supply PPT:
can anyone explain me by an example - What is Complimentary Goods?
Waiting for responces...
Thanks in advance...
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4 comments:
Hi everyone
complimentary goods r nothng but demand for one commodity automatically creates demands for its complimentary goods.ex:Let us say red label co gives a ad saying consuming tea everyday is very healthy and the ad is so impressive that people demand for tea leaves of red label so naturally the demand for milk also increases. so here we can say milk is a complimentary commodity to tea.
Hi sahana,
Thanks for the reply. i've understood the term to its core.
nice explanation.
Ppl now u would understand the power of the blog. See how an expert has resolved a query from a lay man like me.
Thanks again Sahana....U rock
Hi,
Even I want to know about this complementary Goods please.
Thanks
hi frenz;
just to add bread & butter, bread & jam are examples of complimentry goods.
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