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A complementary good is a product that is typically used together with another product. The relationship between a complementary good and the main product it is paired with is that they are often purchased or consumed together because they enhance each other's value or utility. When the price of one product changes, it can impact the demand for the complementary good as well.

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7mo ago

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Can you provide an example of complementary goods and explain how they are related in consumption?

An example of complementary goods is peanut butter and jelly. These items are often consumed together, as peanut butter is commonly spread on bread and then paired with jelly to make a sandwich. The consumption of one good, such as peanut butter, is enhanced by the presence of the other good, jelly, making them complementary in nature.


Items used or consumed together in order to function best defines?

Items used or consumed together in order to function best define "complementary goods." These are products or services that enhance each other's utility when used in conjunction, such as printers and ink cartridges or coffee and sugar. The demand for one item typically increases the demand for its complement, as they provide a more complete solution or experience when paired together.


How will decrease in production of peanutbutter affect the demand for jelly?

Since the two are normally paired a decrease in the availability of peanut butter may also cause a decrease in the purchase of jelly


Expansionary fiscal policy includes?

Expansionary fiscal policy is meant to expand the economy by ending a recession earlier, stimulating buying and business success, and decreasing the unemployment rate. This policy is often paired with the lowering of interest rates.


What is a measure of the quantity of goods and services available called?

A measure of the quantity of goods and services available is called "supply." Supply refers to the total amount of a specific good or service that producers are willing and able to sell at various prices over a certain period. It plays a crucial role in determining market equilibrium when paired with demand.

Related Questions

Are red and yellow complementary?

Red and yellow are not complementary colors. In color theory, complementary colors are those that are opposite each other on the color wheel, creating strong contrast when paired. Red's complementary color is green, while yellow's complementary color is purple. When red and yellow are combined, they create orange, which is a secondary color rather than a direct complementary relationship.


How does DNA complementary base pairing occurs between?

DNA complementary base pairing occurs between adenine (A) and thymine (T), as well as between cytosine (C) and guanine (G). This pairing is based on hydrogen bonding, where A-T form two hydrogen bonds and C-G form three hydrogen bonds. This complementary base pairing allows for accurate DNA replication and transcription.


What type of bond keeps the bases paired toghter?

Hydrogen bonds are the type of bond that keeps the bases paired together in a DNA molecule. These bonds form between the complementary bases adenine-thymine and guanine-cytosine.


What is illusory correlation?

Illusory correlation refers to the perception of a relationship between two variables that does not actually exist. This can occur when rare events are paired together in a person's mind, leading to the mistaken belief that there is a causal connection between them. In reality, the correlation is just a product of coincidence or bias.


The complementary color of green is?

Red is the complementary color of green. These colors are opposite each other on the color wheel, making them complementary because they create a strong contrast when paired together.


What property of DNA makes it possible for a probe to find a single-stranded DNA target gene?

a DNA molecule has two paired strands. ~


Is red complementary to yellow?

No, red is not complementary to yellow. In the traditional color wheel, the complementary color of red is green, while yellow's complementary color is purple. Complementary colors are those that are opposite each other on the color wheel and create a strong contrast when paired together.


What is the name of the DNA paired bases called?

Adenine (A) , Guanine (G), Thymine (T) , Cysteine (C)


What strand of DNA is complement to CCATCG?

Cytosine and Guanine are complementary. Therefore the paired strand would be GGC.


What is the complement to orange?

The complement of orange is blue. In color theory, complementary colors are those that are opposite each other on the color wheel, and they create a strong contrast when paired together. This relationship enhances the vibrancy of both colors when used in design or art.


What is a graph used to determine whether there is a relationship or trend between paired data?

A scatter plot is commonly used to determine whether there is a relationship or trend between paired data. In a scatter plot, individual data points are plotted on a two-dimensional axis, with one variable represented on each axis. By observing the pattern of points, one can discern if there is a correlation, trend, or relationship between the variables. A clear pattern, such as a line or curve, indicates a potential relationship, while a random distribution suggests no significant correlation.


How you find paired number?

Paired numbers refer to two numbers that go together in some way, such as even and odd numbers, prime numbers, or consecutive numbers. To find paired numbers, you need to identify the relationship between the numbers you are working with and determine how they are connected or paired. For example, in the case of even numbers, you would pair each even number with its corresponding odd number.