Asked by itzel torres on Jul 17, 2024
Verified
A decrease in the price of memberships to Gold's Gym fitness centers is likely to:
A) decrease the demand for workout clothing.
B) increase the demand for workout clothing.
C) decrease the demand for Gold's Gym memberships.
D) increase the demand for Gold's Gym memberships.
Gym Memberships
A subscription-based service that grants individuals access to a gym or fitness center's facilities and equipment for a period of time.
Workout Clothing
Apparel specifically designed for physical exercise, offering comfort, flexibility, and sweat-wicking properties to enhance athletic performance.
- Recognize the role of substitutes and complements in affecting demand.
Verified Answer
KM
Kelsey MorganJul 21, 2024
Final Answer :
B
Explanation :
A decrease in the price of memberships to Gold's Gym fitness centers makes it more affordable for people to join the gym. As more people join the gym, it is likely that the demand for workout clothing will increase because new members will need appropriate attire for exercising.
Learning Objectives
- Recognize the role of substitutes and complements in affecting demand.