NECO Economics 2022 Objective — Question 6
Question 6 of 50 from the National Examinations Council (NECO) Economics 2022 Objective paper, with the correct answer and a full explanation.
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The increase in the demand for a commodity may lead to a decrease in the demand for another if both are
- A. in complementary demandCorrect
- B. of the same quality
- C. in composite demand
- D. in competitive demand
Explanation
Complementary demand exists between goods used together (e.g. car and fuel); more of one increases demand for the other, while less of one reduces demand for the other - the question describes the reverse relation matching complementary goods.
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