Asked by zaimel moses on Apr 24, 2024
When an increase in the price of one good lowers the demand for another good, the two goods are called complements.
Complements
Goods or services that are used together, where the use or consumption of one enhances the value or demand of the other.
- Identify the characteristics and effects of substitute and complement goods on market demand.
Learning Objectives
- Identify the characteristics and effects of substitute and complement goods on market demand.