History, asked by royesparza1, 1 year ago

Which phrase defines complementary goods?

Answers

Answered by Harsimarkaur
4
complementary good is a good whose use is related to the use of an associated or paired good. Two goods (A and B) are complementary if using more of good A requires the use of more of good B. For example, the demand for one good (printers) generates demand for the other (ink cartridges).
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Answered by topanswers
1

Here is the completion of your question.

Which phrase defines complementary goods?

A.)goods used in combination with other products

B.)goods given free of cost with the purchase of other items

C.)goods distributed as product samples among customers

D.)goods sold at a discounted price during sale season

The correct answer for your question is option (A)-Goods used in combination with other products.

Complementary good is a goods with negative elasticity of demand. Here, a demand for a good will increase during the prize of a good decreases. The goods’s demand will decrease when an another good’s prize increases.

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