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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 to the demand for the main good if the price of a complementary good increases?
If the price of a complementary good increases, the demand for the main good typically 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 the demand for a product decreases?
When demand decreases, supply 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.
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 to the demand for the main good if the price of a complementary good increases?
If the price of a complementary good increases, the demand for the main good typically 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 the demand for a product decreases?
When demand decreases, supply 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.
According to Adam smith What happens when demand for a product decreases?
Supply increases.
When an item goes on sale what happens to your demand?
Normally, demand increases. More people will buy a product if they are getting a bargain.
What happens to the price when there is a shortage of products?
The prices increases, because the demand is higher for the product, since there is less of it.
What is a complementary good and how does it relate to the concept of consumer demand and purchasing behavior?
A complementary good is a product that is typically used together with another product. For example, peanut butter and jelly are complementary goods because they are often consumed together. Consumer demand for one product can influence the demand for its complementary good. If the price of one product decreases, consumers may be more likely to purchase the complementary good as well. This relationship can impact purchasing behavior and overall market demand for both products.
What is the definition of a complementary good and how does it relate to the concept of consumer demand and purchasing behavior?
A complementary good is a product or service that is typically used together with another product or service. For example, coffee and sugar are complementary goods because they are often consumed together. In terms of consumer demand and purchasing behavior, the demand for complementary goods is interdependent. When the price of one complementary good changes, it can affect the demand for the other. For example, if the price of coffee increases, consumers may buy less coffee and therefore also buy less sugar. This relationship between complementary goods can influence consumer purchasing decisions and behavior.
What happens to demand if income increases and commodity is normal?
Demand also increases.
What happen when the demand for a product?
When demand decreases, supply increases.
