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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


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

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.

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