3. If the price of a good increases, then
O a. the demand for complementary goods will
increase.
O b. the demand for the good will increase.
O c. the demand for substitute goods will
increase.
O d. the demand for the good will decrease.
Answers
Answered by
1
Answer:
a. An increase in the price of a good will increase demand for its substitute, while a decrease in the price of a good will decrease demand for its substitute. 2. Complements are goods that are used jointly.
Explanation:
When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases. When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases.
Answered by
2
Explanation:
O c. the demand for substitute goods will
increase.
this is the correct ans❤️❤️✌️✌️
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