Complementary goods are goods:

a. that are consumed jointly.
b. that are consumed one in place of the other.
c. for which demand increases when the price of its complementary goods increases.
d. for which demand decreases when the price of its complementary goods decreases.
e. that are inversely related.

a

Economics

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The Fed conducts an open market operation and increases a bank's excess reserves by $2,000

Explain the first five rounds of the money creation process if the desired reserve ratio is 25 percent and if people keep no currency outside of the banking system.

Economics

An economy in which output has decreased and prices have increased would suggest that there has been a:

A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.

Economics