Q no 6 pls
Dear Student,
Answer to Question No.6 is explained below :-
As you know, that complementary goods are those goods that are consumed jointly to satisfy the wants of a consumer. For example, tea and sugar are complementary goods as they are consumed jointly.
Now suppose, the price of sugar rises. The rise in the price of sugar will lead to a fall in the demand for tea. As a result of which, the demand curve for tea will shift to the left from D1D1 to D2D2. This shift in the demand curve will lead to a fall in the equilibrium price of tea and a fall in the equilibrium quantity of tea. This is depicted in the figure given below.
Similarly, a fall in the price of sugar will lead to a rise in the demand for tea, thereby shifting its demand curve to the right from D1D1 to D2D2. This shift in the demand curve will lead to a rise in the equilibrium price of tea and equilibrium quantity of tea. This is depicted in the figure given below.
Regards