The price of complements is not a factor determining the quantity demanded of a product.

Name: The price of complements is not a factor determining the quantity demanded of a product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The price of complements is a factor that can affect the quantity demanded of a product. If the price of a complement increases, the quantity demanded of the product will decrease. This is because consumers will substitute the cheaper complement for the more expensive one.

The Price of Complements Is Not a Factor Determining the Quantity