Class 12th – Factors Affecting Demand | Economics | Tutorials Point

Factors Affecting Demand
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Lecture By: Ms. Madhu Bhatia, Tutorials Point India Private Limited

[rinkeypal]

Hi...there is some confusion in substitute and complementary goods.
Substitute goods: When the price rise of one product results in an immediate and equal increase in demand for another, they are substitute goods. There is a positive cross-elasticity of demand.

Complementary: When the price rise of one product results in a decrease in demand for another, they are complementary goods. There is a negative cross-elasticity of demand.

[aslammansoori]

Ma'am video बहुत अच्छा है, आपका शुक्रिया

[vikrambiswas]

Thank you ma'am for uploading the video & i better understood by your explanation, Also i have enjoyed the video (lecture) 😊

[md.hasiburrahman]

Thank you mam..
The presentation was fabulous..
Best wishes from Bangladesh..

[shrutibanerjee]

Thnx a lot ma'am. It's very helpful.

[MeetuTrangri]

Hello Ma'am plz check substitute n complementary goods concept once....

[alidesdaka]

Thank you so much for the video, it is so easy to understand 😊. Great lecture 😀

[asiepetjoan]

You look like an Angel sent from heaven.

[SahilSinghManhas_]

Thank you for making us understand the topic in the easier way

[kollajagadeesh]

What are the main factors that will affect the meal order delivery ?