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Business Data Management · Quiz 2 · 10 Jul 2022 · May 2022 term

Question 10: If a fall in the price of item-A increases the quantity …

Question 10

+1 markOne correct option

If a fall in the price of item-A increases the quantity demanded of item-B, then which of the following statements is correct

  1. A

    A and B are substitutes

  2. B

    A and B are complements

  3. C

    B is a substitute for A, but A is a complement to B

  4. D

    A is a substitute for B, but B is a complement to A

Show answer

Correct answer

  • B

    A and B are complements

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Question 10 of 20 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 10 Jul 2022, in the May 2022 term (IIT M DIPLOMA QUIZ2 EXAM QPE1 10 July 2022). It carries 1 mark.

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