Ask Question
21 June, 19:01

An increase in the price of a good causes a decline in demand for A. inferior goods. B. its substitutes. C. normal goods. D. its complements.

+5
Answers (1)
  1. 21 June, 22:57
    0
    D. its complements.

    Explanation:

    A complement is a good or service used in conjuncture with another good. Therefore, if there is a decrease in the demand for a particular good, its complements will also see a decrease in demand. By the general supply and demand rule, an increase in the price of a good causes a decline in its demand and, therefore, causes a decline in demand for its complements.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An increase in the price of a good causes a decline in demand for A. inferior goods. B. its substitutes. C. normal goods. D. its ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers