2 years ago

Popcorn and Coca Cola are complementary goods. When the price of Coca Cola rises:

1 answer:

4 0

The effect of rise in price of Coca Cola will be that the Demand for Coca Cola will decrease causing price and quantity to decrease as well.

<h3>What is a complementary goods?</h3>

This refers to those goods that are consumed together to satisfy a particular want.

Hence, the effect of rise in price of Coca Cola will be that the Demand for Coca Cola will decrease causing price and quantity to decrease as well.

Therefore, the Option C is correct.

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