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.

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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.

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Genevieve Clarke · Answer 1

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.