Asked by
McKenna Griffin
on Oct 26, 2024
Verified
If people demand more of product A when the price of B falls,then A and B are:
A) not related.
B) substitutes.
C) complements.
D) inferior goods.
Complements
Items frequently purchased in tandem, where a rise in the demand for one item results in a heightened demand for its companion product.
- Recognize the difference between normal goods, inferior goods, substitutes, and complements.
Verified Answer
JC
Learning Objectives
- Recognize the difference between normal goods, inferior goods, substitutes, and complements.