Complementary goods such as an apple (ios) phone and an apple (ios) watch are a pair...
Complementary goods such as an apple (ios) phone and an apple (ios) watch
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are a pair of goods for which an increase in the price of one results in a decrease in the demand for the both goods |
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are a pair of goods for which a decrease in the price of one of the goods results in a decrease in the demand for the other |
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are a pair of goods in which each is the substitute for the other |
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are a pair of goods for which an increase in the price of one good results in a decrease in its demand, but an increase in the demand for the other good. |
Homework Answers
"A"
Complementary goods are those goods in the market where the increase in the price of one good will lead to a fall in the demand for both the goods. Here, an increase in the price of the iPhone will lead to a fall in the price of the iPhone and watch as well.
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