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
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.
Question : Assertion: The desire for complementary commodities is shared. Reason: In order to fulfill a specific need, complementary goods are simultaneously demanded.
Question : Assertion (A): Complementary goods are demanded simultaneously to satisfy a particular want. Reason (R): Complementary goods have joint demand
Question : Assertion: Complementary goods have joint demand. Reason: In order to satiate a specific need, complementary items are simultaneously needed.
Question : Assertion (A): Demand elasticity is higher for durable commodities. Reason (R): Demand for durable goods can be postponed once they are demanded at present.
Question : Assertion (A): Demand elasticity is higher for durable commodities. Reason (R): Once durable items are in high demand now, their demand can be delayed.
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