Asked by
Finasel Tolingan
on Dec 11, 2024
Verified
Two products that are usually consumed jointly would be referred to as
A) substitutes.
B) complements.
C) inferior goods.
D) unrelated goods.
Complements
Goods or services that are used together, where an increase in the consumption of one leads to an increase in the consumption of the other.
- Determine the impact of complementary and substitute goods on market demand.
Verified Answer
DA
Learning Objectives
- Determine the impact of complementary and substitute goods on market demand.