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Francesca Feil

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3y ago

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How do complements affect demand?

Because of complimentary goods demand increase.


If two goods are complements?

I thought the question would fit for Government. Not math.


What is it called if two goods are complements?

A decrease in the price of one will increase the demand for the other.


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.


Two goods that are used together are called?

Complementary goods. These goods are typically consumed or used together, as the use of one good complements the use of the other. Examples include peanut butter and jelly, and computers and software.


When two goods are complements, how does a change in the price of one affect the demand for the other?

When two goods are complements, a decrease in the price of one good will typically increase the demand for the other good. Conversely, an increase in the price of one good will usually decrease the demand for the other good. This is because the two goods are often consumed together, so a change in the price of one affects the demand for the other.


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


What is the difference between gross complements and net complements?

Gross complements refer to the total number of complements, while net complements are the complements left after subtracting any duplicates or overlaps.


Branches and websites of banks substitutes or complements?

complements


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.