If two goods are complements, Group of answer choices they are consumed independently. an increase in the price of one will increase the demand for the other. a decrease in the price of one will increase the demand for the other. they are necessarily inferior goods.

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Deshawn Buck

Social Studies

15 October, 07:35

If two goods are complements, Group of answer choices they are consumed independently. an increase in the price of one will increase the demand for the other. a decrease in the price of one will increase the demand for the other. they are necessarily inferior goods.

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Lindsay Rice · Answer 1

Answer: A decrease in the price of one will increase the demand for the other.

Explanation:Two goods are said to be complementary if there is an increase in the demand of the good due to increased growth or popularity of the other.

For example goods B and C are complements if there is an increase in the the demand of good B when the price of good C decreases or if there is a decrease in the demand of good B when the price of good C increases and vice versa. These shows that both goods complement each other and as such a negative or positive impact on the popularity or growth of one will result in a corresponding negative or positive demand of the other.