Two goods are complements ifan increase in the price of one, Ask an Expert

Economics

Two goods are complements if:

An increase in the price of one leads to a shift to the left in the demand curve for the other

An increase in the price of one leads to an increase in demand for the other

An increase in the price of one will increase the supply of the other

A fall in the price of one leads to a reduction in supply for the other

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91422464

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