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Question : Assertion (A): Complementary goods have joint demand.
Reason (R): In order to fulfill a specific need, complementary commodities are simultaneously desired.

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


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).


Solution : The demand for one product is connected to the desire for another good when two goods are complementary.
Products that complement the main product are closely tied to it. Frequently, you can't eat them by yourself. As a result, demand for the primary product drives demand for its complementary product. Marketers either market a complementary product after selling the primary product or sell them both at the same time. They can boost sales in this way.
Hence option a is the correct answer.

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