An increase in the price of one good will have what effect on its complement?a. no effectb. increase in demandc. decrease in dem

Question

damaskus [11]

3 years ago

11

An increase in the price of one good will have what effect on its complement?a. no effectb. increase in demandc. decrease in dem

andd. decrease in quantity demand

Business

2 answers:

aleksklad [387] · Answer 1 · 2022-01-19T02:16:07+03:00

aleksklad [387]3 years ago

8 0

Answer:

Its A

Explanation:

I took the question

Juliette [100K] · Answer 2 · 2022-01-19T00:22:35+03:00

Answer: The correct answer is <u>"c. decrease in demand".</u>

Explanation: Complementary goods are all those products that depend on each other. That is, they are so closely linked that the behavior of one inevitably affects the behavior of the other.

The classic example of complementary goods is that of cars and gasoline. The sale of the former may be affected by an increase in the price of the latter; and, at the same time, the consumption of the second depends on the sale of the first.