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If the price of a complementary good increases, how will it affect the demand for the main product?
If the price of a complementary good increases, the demand for the main product will decrease.
What happens when the price of a complementary good increases and how does it impact the demand for the main product"?
When the price of a complementary good increases, the demand for the main product typically decreases. This is because consumers are less likely to purchase the main product if they also have to pay more for the complementary good that goes along with it.
What usually happens to the demand for a good or service when the price increases?
When the price of a good or service increases, the demand for it usually decreases.
How do complementary goods influence the demand for a particular product?
Complementary goods are products that are used together with another product. When the price of a complementary good decreases, the demand for the main product typically increases because consumers are more likely to purchase both items together. Conversely, if the price of a complementary good increases, the demand for the main product may decrease as consumers are less willing to buy both items together.
What happens to price as demand decreases?
Prices normally increase as demand increases and decrease as demand decreases.
If the price of a complementary good increases, how will it affect the demand for the main product?
If the price of a complementary good increases, the demand for the main product will decrease.
What happens when the price of a complementary good increases and how does it impact the demand for the main product"?
When the price of a complementary good increases, the demand for the main product typically decreases. This is because consumers are less likely to purchase the main product if they also have to pay more for the complementary good that goes along with it.
What usually happens to the demand for a good or service when the price increases?
When the price of a good or service increases, the demand for it usually decreases.
How do complementary goods influence the demand for a particular product?
Complementary goods are products that are used together with another product. When the price of a complementary good decreases, the demand for the main product typically increases because consumers are more likely to purchase both items together. Conversely, if the price of a complementary good increases, the demand for the main product may decrease as consumers are less willing to buy both items together.
What happens when demand for a good increase but it's supply decrease?
The price for the good increases
What happens to price as demand decreases?
Prices normally increase as demand increases and decrease as demand decreases.
If supply increases and demand is constant price will what?
In the short run nothing happens to price
What happens to equilibrium price of a commodity if there is decrease in its demand and increase in its supply?
Equilibrium price increases
When the price of a compliment of commodity X falls what happens to the demand for X?
it increases
What happens to the equilibrium price when demand increases and supply decreases?
It goes up
What effect does a complementary goods price have on the demand of another good?
Complementary goods are consumed in conjunction with each other, this means their demand moves in the same direction. An increase in price of one good lowers it's demand, less of it is consumed and less of the complement good is also consumed. The opposite occurs when price falls, demand for both goods increases.
What will happen to demand for a commodity if the price of its complementary falls?
Complement goods are those goods which uses collectively or side by side e.g petrol and cars. If the demand of one good changes then demand of other good move in the same direction. If the price of product complementary falls then the demand of complementary product increases according to the demand law which in turn increase the demand of product. Suppose the prices of petrol falls which will increase the demand of petrol which in turn in increase the demand of cars.
