Complementary goods
a. are usually used in conjunction with each other
b. are usually used in place of one another
c. do not adhere to the law of demand
d. are goods whose demand rises as incomes rise
e. are goods whose demand falls as wealth falls
A
Economics
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The business term for economies of scope is
A) economies of scale. B) diversification. C) cooperation. D) synergies.
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John's utility from an additional dollar increases more when he has $1,000 than when he has $10,000. From this, we can conclude that John
A) is risk averse. B) is risk loving. C) is risk neutral. D) has a negative marginal utility of wealth.
Economics