If the price of one good goes up and the demand of a related good goes down, the two goods are
A) complements.
B) substitutes.
C) inferior goods.
D) normal goods.

Question

Quizplus · Accepted Answer

When the price of one good goes up and the demand for a related good goes down, the two goods are called complements. Complementary goods are used together, and a decrease in demand for one good reduces the demand for the other. For example, if the price of hot dog buns goes up, the demand for hot dogs (a complementary good) may go down.

If the Price of One Good Goes Up and the Demand