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ashlee Espinosa
on Nov 25, 2024

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If the demand curve for product B shifts to the right as the price of product A declines, then

A) both A and B are inferior goods.
B) A is a superior good and B is an inferior good.
C) A is an inferior good and B is a superior good.
D) A and B are complementary goods.

Complementary Goods

Products or services that are typically consumed together, where the use of one enhances the use of the other.

Inferior Goods

Inferior goods are types of goods whose demand decreases as the income of the consumer increases, opposite to what is observed with normal goods.

Superior Good

A type of good whose demand increases as the income of individuals increases, contrary to inferior goods.

  • Attain insights into the interplay between complementary and substitute items in market behavior.
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Irene Hernández JiménezNov 27, 2024
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