Type of goods affect the demand for another product due to a change in their price are complementary goods and substitute goods.
What is demand?
According to economics the quantity in which a consumer is willing or able to buy a good during any specific period of time is known as demand.
What is complementary goods?
Type of good that when it is added to another product or service it increases their value as well. In other words, when two goods are used with each other are consume by consumer together are complementary goods. for example a DVD and DVD player a mobile and a internet connection.
What is substitute goods?
Are those goods which identical or similar or easily comparible to another goods from the point of view of the customer. In other words a good which can either fully or partly satisfy the demand of the customer of the same good called substitute goods as they can also be said as the replacement of each other.
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