Because of complimentary goods demand increase.
the demand for both goods is high
It can affect demand because of individual low income earner.
Price of related goods fall into two categories: substitutes and complements. Complements are when a price decrease in one good increases the demand of another good. Substitutes are when a price decrease in one good decreases the demand for another good.
Complements are goods or services that are used in conjunction with a certain product. For example shampoo and conditioner are complements. When the demand for a complement increases it can shift the market demand curve for the original product. This is due to the fact that when the price of the complement goes up the demand for the original product may also increase due to the need to purchase the complement. Similarly when the price of the complement decreases the demand for the original product may decrease as well.There are several ways in which complements can impact the market demand curve: If the price of a complement increases the demand for the original product may also increase. If the price of a complement decreases the demand for the original product may decrease. When the quantity of a complement increases the demand for the original product may also increase. When the quantity of a complement decreases the demand for the original product may decrease.In conclusion complements can have a significant impact on the market demand curve for the original product. The price and quantity of the complement can both affect the demand for the original product either increasing or decreasing it. Therefore it is important to take these factors into account when analyzing the market demand curve.
Relationship of good price to price of substitutes and complements: 1) Substitutes: as the price of substitutes for a good falls, the price of a good must fall in order to maintain demand. 2) Complements: as the price of complements falls, the price of a good can increase and still maintain the same level of demand.
A decrease in the price of one will increase the demand for the other.
It can affect demand because of individual low income earner.
Price of related goods fall into two categories: substitutes and complements. Complements are when a price decrease in one good increases the demand of another good. Substitutes are when a price decrease in one good decreases the demand for another good.
Complements are goods or services that are used in conjunction with a certain product. For example shampoo and conditioner are complements. When the demand for a complement increases it can shift the market demand curve for the original product. This is due to the fact that when the price of the complement goes up the demand for the original product may also increase due to the need to purchase the complement. Similarly when the price of the complement decreases the demand for the original product may decrease as well.There are several ways in which complements can impact the market demand curve: If the price of a complement increases the demand for the original product may also increase. If the price of a complement decreases the demand for the original product may decrease. When the quantity of a complement increases the demand for the original product may also increase. When the quantity of a complement decreases the demand for the original product may decrease.In conclusion complements can have a significant impact on the market demand curve for the original product. The price and quantity of the complement can both affect the demand for the original product either increasing or decreasing it. Therefore it is important to take these factors into account when analyzing the market demand curve.
Relationship of good price to price of substitutes and complements: 1) Substitutes: as the price of substitutes for a good falls, the price of a good must fall in order to maintain demand. 2) Complements: as the price of complements falls, the price of a good can increase and still maintain the same level of demand.
A decrease in the price of one will increase the demand for the other.
There wouldn't be a great demand for the commodity as, lower ther the prices, more the demand of the commodity.Remember, Demand for a product increases when the prices of its complements decreaseANSWER: Supply and demand
No! That's why I came here! B======D --- --- --- --- (=^_^=)
Increase in expansion affect the demand because more supply/expansion with constant demand will lead to excess in expansion which affect the demand.
Demand shifters include consumer income, number of consumer (population), consumer taste and preferences, and expectations: future prices of complements and substitutes and future income.
products that increase the value of other products / products related in such a way that an increase in the price of one reduces the demand for bolth (found in economics principles & practices from the Texas edition book)
Prices of Related Goods (Substitutes and Complements) Changes in Income Preferences (Taste) Expectations Population (Number of Buyers)
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.