Question
Enlist three examples of Substitute and complement goods. a) Draw changes on market equilibrium graph if price of one substitute good falls how it affects
Enlist three examples of Substitute and complement goods.
a) Draw changes on market equilibrium graph if price of one substitute good falls how it affects the
market for another good. (solve it by using any one example you listed )
b) Draw changes on market equilibrium if price of a pair of complementary good rises, how it
affects the market for another good. (solve it by using any one example you listed )
(I don't expect you to give typical example of substitute goods like coke Pepsi or butter margarine
and same for complementary goods like car petrol or French fries ketchup. I NEED DIFFERENT YET
INTERESTING EXAMPLES! SO allow me to learn something from you
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