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21 February, 13:12

A decrease in demand for cameras would likely be caused by A. an increase in the price of cameras. B. a decrease in the price of cameras. C. an increase in the price of a substitute good. D. an increase in the price of a complementary good.

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  1. 21 February, 16:10
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    Option (D) is correct.

    Explanation:

    For example:

    Suppose there are two complimentary goods: Cameras and lens.

    Complimentary goods refers to the goods which are used together to satisfy a given want. If there is an increase in the price of lens then as a result the demand for cameras decreases and if there is a fall in the price of lens then as a result the demand for cameras increases. This clearly shows that there is an inverse relationship between the price of lens and demand for cameras.
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Home » Business » A decrease in demand for cameras would likely be caused by A. an increase in the price of cameras. B. a decrease in the price of cameras. C. an increase in the price of a substitute good. D. an increase in the price of a complementary good.
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