What is an example of complementary goods

Question

Quizplus · Accepted Answer

Cereal and milk are considered complementary goods, as they are typically consumed together, and the demand for one is likely to affect the demand for the other. When the price of cereal increases, for example, consumers may be less likely to purchase it and therefore less likely to purchase milk as well. Similarly, if the price of milk increases, consumers may be less likely to purchase it and therefore less likely to purchase cereal as well.

What Is an Example of Complementary Goods