Ask Question
21 May, 19:27

A decrease in demand for cameras would likely be caused by A. an increase in the price of cameras. B. a decrease in the price of cameras. C. an increase in the price of a substitute good. D. an increase in the price of a complementary good.

+2
Answers (1)
  1. 21 May, 19:46
    0
    Option (D) is correct.

    Explanation:

    For example:

    Suppose there are two complimentary goods: Cameras and lens.

    Complimentary goods refers to the goods which are used together to satisfy a given want. If there is an increase in the price of lens then as a result the demand for cameras decreases and if there is a fall in the price of lens then as a result the demand for cameras increases. This clearly shows that there is an inverse relationship between the price of lens and demand for cameras.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A decrease in demand for cameras would likely be caused by A. an increase in the price of cameras. B. a decrease in the price of cameras. ...” 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