Asked by
sophia ricci
on Oct 09, 2024
Verified
If two goods are complements:
A) they are consumed independently.
B) an increase in the price of one will increase the demand for the other.
C) a decrease in the price of one will increase the demand for the other.
D) they are necessarily inferior goods.
Complements
Goods or services that are consumed together because the use of one enhances the value of the other.
- Understand the properties and effects of goods functioning as complements or substitutes.
Verified Answer
TD
Learning Objectives
- Understand the properties and effects of goods functioning as complements or substitutes.