If goods A and B are complements, then an increase in the price of good A will result in: Group of answer choices

a. More of good B being sold.

b. Less of good B being sold.

c. No difference in the quantity sold of either good.

d. More of good A being sold.

Question

Business

Talan Compton

19 November, 11:00

If goods A and B are complements, then an increase in the price of good A will result in: Group of answer choices

a. More of good B being sold.

b. Less of good B being sold.

c. No difference in the quantity sold of either good.

d. More of good A being sold.

+3

Answers (1)

Know the Answer?

Camden Foley · Answer 1

The right answer is B. Less of good B being sold.

Explanation:

Complementary goods are those that are used simultaneously to meet the needs of consumers, that is, it is a good that depends on the other, and this in turn depends on the first. For this relationship that exists between these goods when one of them increases its price the other will decrease its demand.

If goods A and B are complements, then an increase in the price of good A will result in: Group of answer choicesa. More of good B being sold.b. Less of good B being sold.c. No difference in the quantity sold of either good.d. More of good A being sold.

If goods A and B are complements, then an increase in the price of good A will result in: Group of answer choices

a. More of good B being sold.

b. Less of good B being sold.

c. No difference in the quantity sold of either good.

d. More of good A being sold.