All else equal,an increase in the price of complementary products for the Apple Watch,such as Sensoria's wearable technology,would
A)shift the supply curve for the Apple Watch to the right.
B)shift the supply curve for the Apple Watch to the left.
C)shift the demand curve for the Apple Watch to the right.
D)shift the demand curve for the Apple Watch to the left.

Question

Quizplus · Accepted Answer

An increase in the price of complementary products for the Apple Watch, such as Sensoria's wearable technology, would shift the demand curve for the Apple Watch to the left. This is because as the price of complementary products increases, consumers would be less likely to purchase the Apple Watch, reducing demand. A decrease in the price of complementary products would have the opposite effect, shifting the demand curve to the right.

All Else Equal,an Increase in the Price of Complementary Products