Asked by
Naomi Pointer
on Oct 09, 2024
Verified
If products A and B are complements and the price of B decreases,the:
A) demand curves for both A and B will shift to the left.
B) amount of B purchased will increase,but the demand curve for A will not shift.
C) demand for A will increase and the quantity of B demanded will increase.
D) demand for A will decline and the demand for B will increase.
Complements
Items or services that complement each other in such a way that a rise in demand for one results in a rise in demand for its counterpart.
- Determine the attributes and consequences of goods acting as substitutes or complements.
Verified Answer
AY
Learning Objectives
- Determine the attributes and consequences of goods acting as substitutes or complements.