If the price of a complement decreases, all else equal,

Name: If the price of a complement decreases, all else equal,
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Question

Quizplus · Accepted Answer

A decrease in the price of a complement will lead to an increase in demand, as the complement becomes more affordable and desirable to consumers, leading them to purchase more of the complement's paired good. For example, if the price of ice cream cones decreases, consumers may be more likely to buy ice cream, increasing the demand for ice cream overall.

If the Price of a Complement Decreases, All Else Equal