Ask Question
BusinessBusiness
14 July, 06:02

Consider the following statement: Given that burgersburgers and friesfries are complementary goods, if the price of friesfries increasesincreases the demand for both goods will fallfall. Is this an accurate statement?

+5
Answers (1)
  1. 14 July, 09:20
    0
    It is not an accurate statement.

    Explanation:

    Complementary goods are those that have a demand related to each other, that is, that one depends on the other and the other depends on the first to be used, but these are divided according to their degree of complementarity, there are some that are perfect complementary which do not a good can be used without using another that complements it. and there are the softer complements as they are the case of hamburgers and fries if they increase their price will not decrease the demand for hamburgers since these can generate profits by themselves.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Consider the following statement: Given that burgersburgers and friesfries are complementary goods, if the price of friesfries ...” 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
1. Buying or selling a stock and getting the current price at that moment is called
Answers (1)
The management of City Front Inc. must decide between scrapping or reworking units that do not pass inspection. The company has 11,000 defective units that cost $6.00 per unit to manufacture. The units can be sold as is for $2.
Answers (1)
David walks Carolyn's dog once a day for $50 per week. Carolyn values this service at $60 per week, while the opportunity cost of David's time is $30 per week. The government places a tax of $35 per week on dog walkers.
Answers (1)
Gulf Shores Inn is comparing two separate capital structures. The first structure consists of 300,000 shares of stock and no debt. The second structure consists of 252,000 shares of stock and $1.78 million of debt.
Answers (1)
What was the overall effectiveness of your chosen clean-up methods? estimate how much of the spill you were able to clean using the physical method and using the chemical method.
Answers (1)
New Questions in Business
You are invited to go to the mall with a new group of friends from school. you don't know them that well, but are excited that they included you in their plans.
Answers (1)
Suppose hypothetically that you buy a lot of food such as tofu, veggie burgers, and organic fruit that are not included in the market basket used to compute the CPI.
Answers (1)
Property taxes on a company's factory building would be classified as a (n) :
Answers (1)
Diane had a plan to improve her responsibility. in order to understand if she has met her goal, she must A. formulate a new goal B. record her progress C. accomplish harder tasks D. ask others for their opinions
Answers (1)
Olivia's employer deducts an amount from her paycheck for the Medicare program. What type of withholding is being deducted from Olivia's paycheck? A) tax exemption B) local withholding C) state withholding D) Social Security withholding
Answers (1)
Home » Business » Consider the following statement: Given that burgersburgers and friesfries are complementary goods, if the price of friesfries increasesincreases the demand for both goods will fallfall. Is this an accurate statement?
Sign Up Forgot Password?