Asked by
Trisha Marie
on Dec 11, 2024
Verified
If coffee and cream are complements, an increase in the price of coffee will cause
A) the demand for cream to increase.
B) the demand for cream to fall.
C) the demand for coffee to fall.
D) no change in the demand for cream; only quantity demanded would be affected.
Complements
Products or services that are commonly consumed in conjunction with one another, where a rising demand for one results in a corresponding increase in demand for the other.
- Appraise the effect that complementary and substitute goods exert on consumer demand.
Verified Answer
RM
Learning Objectives
- Appraise the effect that complementary and substitute goods exert on consumer demand.