Question : Assertion (A): Complementary goods are demanded simultaneously to satisfy a particular want.
Reason (R): Complementary goods have joint demand
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A)
Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A)
Option 3: Assertion (A) is true but Reason (R) is False
Option 4: Assertion (A) is False but Reason (R) is True
Correct Answer:
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A)
Solution :
Joint or complementary demand is when two or more goods are jointly sought at the same time to fulfill a single want. When two or more goods or services are desired concurrently, it is referred to as joint demand.
Hence option a is the correct answer.
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