what is a complementary good for ice cream?
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Prices of related goods–frozen yogurt is a substitute for ice cream, so when its price goes up, more ice cream is demanded. Hot fudge is a complement for ice cream, so when its price goes up, less ice cream is demanded.
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Answer:
Prices of related goods–frozen yogurt is a substitute for ice cream, so when its price goes up, more ice cream is demanded. Hot fudge is a complement for ice cream, so when its price goes up, less ice cream is demanded.
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