If the demand curve for product J shifts to the left as the price of product K increases,then J and K are complementary goods.

Question

Quizplus · Accepted Answer

Complementary goods are those that are often used together. If the price of one of the complementary goods increases, it leads to a decrease in demand for the other good, which is what is happening in this scenario. Therefore, J and K are complementary goods.

If the Demand Curve for Product J Shifts to the Left