Ask Question
BusinessBusiness
1 April, 06:40

If two goods are complements:

(A) they are consumed independently.

(B) they are necessarily inferior goods.

(C) a decrease in the price of one will increase the demand for the other.

(D) an increase in the price of one will increase the demand for the other.

+5
Answers (1)
  1. 1 April, 06:57
    0
    The answer is C.

    Explanation:

    Complementary goods are goods that are consumed together as a pair. They are mostly not consumed alone. If you buy one, you must buy the other. Example, bread and butter.

    The answer to the question is C. a decrease in the price of one will increase the demand for the other.

    For example, bread and butter are complements. If there is an increase in price of butter, other things remaining equal, there will be a decrease in the quantity demanded of bread. And since the demand of bread has reduced, the demand for its complement, butter too will decrease and vice-versa
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If two goods are complements: (A) they are consumed independently. (B) they are necessarily inferior goods. (C) a decrease in the price of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
An automobile dealership that has always had success with homemade advertisements finds it difficult to switch to a professional advertising agency, despite the fact that consumers are becoming more sophisticated. A. DissolutionB. InactionC.
Answers (1)
Which of the following are constraints that allow a company to modify generally accepted accounting principles without jeopardizing the usefulness of the financial statements?
Answers (1)
Marketers normally have nearly complete control over how their products are priced.
Answers (1)
What is the total annual value of goods and services produced in a country called?
Answers (2)
What are three common causes of scarcity?
Answers (1)
New Questions in Business
Ronald Reagan believed that reducing income tax rates would A. raise economic well-being and perhaps even tax revenue. B. lower economic well-being, even though tax revenue could possibly increase. C. do little, if anything, to encourage hard work.
Answers (1)
Unlike niche-oriented shopping bots, broad-based shopping bots: select one: a. give pricing power to the retailers. b. search for prices for only one type of product. c. operate using a yellow pages type of model. d.
Answers (1)
What are the pros and cons of Toyota's structure and what are the most important elements of Toyota's organizational structure?
Answers (1)
Which of the following is the best example of a perfectly competitive industry? a. wheat productionb. electricity productionc. steel productiond. airplane production
Answers (1)
Assume that we use a perpetual inventory system and that five identical units are purchased separately at the following four dates and costs: April 5 at $10, April 10 at $12, April 15 at $14, and April 20 at $16 April 20 $17.
Answers (1)
Home » Business » If two goods are complements: (A) they are consumed independently. (B) they are necessarily inferior goods. (C) a decrease in the price of one will increase the demand for the other.
Sign Up Forgot Password?