Asked by
Thomas Devine
on Nov 25, 2024Verified
Blu-ray players and Blu-ray discs are
A) complementary goods.
B) substitute goods.
C) independent goods.
D) inferior goods.
Complementary Goods
Goods or services that are frequently utilized in conjunction with each other, leading to a scenario where the desire for one boosts the desire for the other.
Substitute Goods
Products or services that can be used in place of each other because they satisfy similar customer needs or desires.
Blu-Ray Players
Devices designed to play Blu-ray discs, which provide high-definition video and have more storage capacity than traditional DVDs.
- Comprehend the connection between complementary and substitute products in the dynamics of the market.
Verified Answer
JM
Learning Objectives
- Comprehend the connection between complementary and substitute products in the dynamics of the market.