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A and B are said to be complementary goods if the price of A decreases (increases) will result an increase (decrease) of the demand of B.
In addition, they are goods usually consumed together.
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Define Visible Trade?
Visible trade is when you trade in goods. This goods that you can trade are things that can be touched and weighed.
How do you define a trucker?
A trucker is a person whose work is transporting goods by truck.
Define conversion cost?
It is the cost converting raw material into finished goods. It comprises direct labour and manufacturing overheads.
How do you use complementary angles in a math sentence?
We were to measure the complementary angles in the drawing.I found the complementary angles to be of equal lengths.
Define the term GIT?
GIT is short form of Goods In Transit. It is an insurance cover taken by transportation companies to cover for the cargoes they carry.
What are some complementary goods for shampoo?
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What are the non price determinants?
Income, Substitutes, complementary goods, tastes and preferences are some of the non-price determinants of demand.
What are the non-price determinants of Demand?
Income, Substitutes, complementary goods, tastes and preferences are some of the non-price determinants of demand.
What type of goods are commonly used with other goods?
Complementary Complementary goods are commonly used with other goods
What type of goods commonly used with other goods?
Complementary Complementary goods are commonly used with other goods
What kind of good is consumed together like peanut butter and jelly?
Complementary goods are consumed together.
Examples of substitute goods and complementary goods under supply?
tea and coffe are substitute goods tooth brush and tooth paste are complementary goods
Are milk and cheese complementary goods?
no, milk & cheese are not complementary
How do substitute goods and complementary goods affect demand for another good?
Substitutes and complements is the fact that a change in price of one of the goods has an impact on the demand for the other good. For substitutes, an increase in the price of one of the goods will increase demand for the substitute good. (It's probably not surprising that an increase in the price of Coke would increase the demand for Pepsi as some consumers switch over from Coke to Pepsi.) It's also the case that a decrease in the price of one of the goods will decrease demand for the substitute good.
Goods that can be used in place of each other are called?
Substitutes
How do you increase revenue for complementary goods?
You don't get revenue on complimentary goods.
What are automobiles and gasoline are examples of?
complementary goods
