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I thought the question would fit for Government. Not math.
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∙ 13y ago
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What is it called if two goods are complements?
A decrease in the price of one will increase the demand for the other.
What are goods complements?
canoe and paddles
If two goods are complements their cross elasticity of demand will normally be?
No! That's why I came here! B======D --- --- --- --- (=^_^=)
How price of related goods affect demand?
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.
How do complements affect demand?
Because of complimentary goods demand increase.
What is it called if two goods are complements?
A decrease in the price of one will increase the demand for the other.
What are goods complements?
canoe and paddles
If two goods are complements their cross elasticity of demand will normally be?
No! That's why I came here! B======D --- --- --- --- (=^_^=)
How price of related goods affect demand?
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.
How do complements affect demand?
Because of complimentary goods demand increase.
What is the kind of complements?
Complements can be divided into two main types: subject complements and object complements. Subject complements follow a linking verb and provide additional information about the subject. Object complements follow a direct object and provide additional information about the object.
What is an Economic Definition of Complements?
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)
What are two complements of a car?
Gasoline and insurance? Complements are things that go together, so things that would be purchased along with buying a car.
What are demand shifters?
Prices of Related Goods (Substitutes and Complements) Changes in Income Preferences (Taste) Expectations Population (Number of Buyers)
Suppose the demand for good x is lnqxd 21 - 0.8 lnpx - 1.6 lnpy 6.2 lnm 0.4 lnax then you know goods x and y are A. Substitutes B. Complements C. Normal goods D. Inferior goods?
The famous sports goods are made in the city of
Branches and websites of banks substitutes or complements?
complements
Are two goods complements if the cross-elasticity coefficient is negative?
Cross Elasticity Coefficient is defined as when the price of a particular commodity rises how is the demand of another commodity changing. If the goods are complements like say for example petrol and petrol driven cars, if there is a price hike in petrol then demand for petrol cars would fall. Hence a negative cross elasticity of coefficient. On the other hand the demand for deisel cars would rise (given the deisel prices are constant) because they serve as substitutes, and will have a positive cross elasticity.
