Two goods are ________ if the quantity consumed of one increases when the price of the other decreases.
A)normal
B)superior
C)complementary
D)substitute

Question

Quizplus · Accepted Answer

Complementary goods are those that are often consumed together, so when the price of one decreases, the quantity demanded of both goods increases. For example, if the price of hot dogs decreases, the quantity demanded for hot dogs increases and the quantity of hot dog buns demanded also increases. This shows that hot dogs and hot dog buns are complementary goods.

Two Goods Are ________ If the Quantity Consumed of One