Question : Assertion: Complementary goods have joint demand.
Reason: In order to satiate a specific need, complementary items are simultaneously needed.
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 :
Because the consumer yearns for the second product when the price of the first commodity fluctuates, complementary goods have a nature of shared want that facilitates interaction.
Complementary goods are demanded simultaneously to satisfy a particular want.
Hence option a is the correct answer.