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

Name: If the price of a complement for tires decreases,all else equal,
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the price of a complement for tires decreases (assume the complement is something like car rims), it will become cheaper for consumers to purchase both tires and the complement. This will lead to an increase in the demand for tires since the complement is now more affordable for consumers. As a result, the quantity demanded for tires will increase.

If the Price of a Complement for Tires Decreases,all Else