Asked by
Breanna Fedee
on Dec 17, 2024
Verified
A likely example of complementary goods for most people would be
A) pencils and pens.
B) lawnmowers and automobiles.
C) coffee and sugar.
D) butter and margarine.
Complementary Goods
Products or services that are typically consumed together, such that demand for one increases demand for the other.
Coffee
A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant, and is one of the most popular beverages globally.
Lawnmowers
Equipment used in the maintenance of lawns and gardens that cuts grass to an even height, available in various types including push, riding, and robotic mowers.
- Absorb the explanations and distinct properties of inferior goods, normal goods, substitute goods, and complementary goods.
- Acquire an understanding of how price movements in goods that serve as substitutes or complements influence the demand for a specific product.
Verified Answer
MI
Learning Objectives
- Absorb the explanations and distinct properties of inferior goods, normal goods, substitute goods, and complementary goods.
- Acquire an understanding of how price movements in goods that serve as substitutes or complements influence the demand for a specific product.