Ask Question
BusinessBusiness
10 November, 14:21

Goods X and Y are complementary goods. A decrease in price of good X has occurred. In the market for good Y, this will lead to a decrease in price and a decrease in quantity. an increase in price and an increase in quantity. an increase in price and a decrease in quantity. a decrease in price and an increase in quantity.

+3
Answers (1)
  1. 10 November, 14:42
    0
    a decrease in price and an increase in quantity.

    Explanation:

    Complementary good is a good wherein its use has an association with its complement. Goods are said to be complementary when the usage of good X requires more usage of good Y.

    Example of complementary good is DVD player and a DVD disc. If there is an increase in price of DVD player, then there would be a decrease in price and quantity demanded for a DVD disc.

    It therefore means that complementary goods are goods that are jointly consumed together.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Goods X and Y are complementary goods. A decrease in price of good X has occurred. In the market for good Y, this will lead to a decrease ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
During its first year of operations, Kimbrough Corporation sold $14 million worth of goods on account. At the end of the year, $5 million remains due from customers.
Answers (1)
You have bought a house today at the price of $500,000. In the next two years, you will get a rent of $50,000 each year. In year 3, there is no rent income but you will sell the house at the price of $800,000.
Answers (1)
You are a responsible person, but sometimes you have to charge things to your credit card and pay for them over several months rather than in one payment. Your card has a $1,000 limit.
Answers (1)
Patricia is a business owner who is trying to determine her cost of goods sold for the current year. She bought 20 units of inventory at $11, then 26 units at $10, and finally 18 units at $14.
Answers (1)
In meat fabrication, muscles should be cut A. against the grain. B. with the grain. C. around the gristle. D. into a medium dice.
Answers (1)
New Questions in Business
Now consider a strangle using the same call with a strike price of $100 and a different put with a strike price of $95. Both have the same expiration date.
Answers (1)
Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its costs of equity is 15 percent, and the cost of debt is 8 Percent. The relevant tax rate is 35 percent.
Answers (1)
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n) a. balance sheet b. trial balance c. chart of accounts d. income statement
Answers (1)
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.
Answers (1)
Suppose during 2014 that Federal Express reported the following information (in millions) : net sales of $35,497 and net income of $98.
Answers (2)
Home » Business » Goods X and Y are complementary goods. A decrease in price of good X has occurred. In the market for good Y, this will lead to a decrease in price and a decrease in quantity. an increase in price and an increase in quantity.
Sign Up Forgot Password?