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Answer» Price of related goods is one of the factor or determinant which affects the Demand of a commodity keeping other factors like Own price of Commodity, Consumer's income, TASTE and preference , Expectations, other Cause etc. being Constant.
Related goods are of two types : ============================ => Substitutes good => Complementary goods
[ 1 ] . Substitute goods ==================== Substitutes goods are those goods which Can be USED as in one place of other good . Simply here one good replaces other or substitute other.... or One good can be used in place of other . Examples of Substitute goods are : => Apples and BANANA => Tea and Coffee => Pepsi and RC Cola etc., If price of one of the substitute good increses , the quantity demanded of other increses and vice versa... For example , if price of apples rises , we purchase less commodity of apples and purchase more commodity of its substitute banana...as a result the demand of banaana rises...
[ 2 ] . Complementary goods ========================= Complemetary goods are the one which are being used together...or Both goods are complement of each other... Examples are : => Car and Petrol => Bread and Butter => COMPUTER hardware and software etc.., If the price of one complementary good increases , the demand of the other increses too...If prices decreses , demand of the complement goods falls too... For example , If price of butter increses , the demand for the bread falls and on the other end...if price of butter DECREASES , demand of its complementary good i.e bread decreases too...
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