Asked by
Thivanka Seneviratne
on Nov 17, 2024
Verified
If baked potatoes and sour cream are complements, then an increase in the price of sour cream decreases the demand for baked potatoes.
Complements
Goods or services that are used together, where an increase in the consumption of one leads to an increase in the consumption of the other.
- Recognize the properties and influence of substitute and complement goods on market demand dynamics.
Verified Answer
KF
Learning Objectives
- Recognize the properties and influence of substitute and complement goods on market demand dynamics.
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