Complementary goods are goods that are closely related. Choose the example below that best describes complementary goods. Sally planned to eat lunch at McDonald's, but it was closed. She decided to go to Wendy's for lunch instead. Tom went to the store to buy groceries. He had cherry soda on his list, but he decided to buy lemon-lime soda instead. The lemon-lime soda was on sale, so it was a better deal. In the spring, the demand for tennis rackets goes up. This causes the potential demand of tennis balls to also go up. December is the most popular month of the year to bake cookies. This causes the demand for butter to go up and the cost of margarine to go down.
Complementary goods are goods that are closely related. Choose the example below that best describes complementary goods. Sally planned to eat lunch at McDonald's, but it was closed. She decided to go to Wendy's for lunch instead. Tom went to the store to buy groceries. He had cherry soda on his list, but he decided to buy lemon-lime soda instead. The lemon-lime soda was on sale, so it was a better deal. In the spring, the demand for tennis rackets goes up. This causes the potential demand of tennis balls to also go up. December is the most popular month of the year to bake cookies. This causes the demand for butter to go up and the cost of margarine to go down.
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 1P
Related questions
Question
Complementary goods are goods that are closely related. Choose the example below that best describes complementary goods.
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Sally planned to eat lunch at McDonald's, but it was closed. She decided to go to Wendy's for lunch instead.
|
|
Tom went to the store to buy groceries. He had cherry soda on his list, but he decided to buy lemon-lime soda instead. The lemon-lime soda was on sale, so it was a better deal.
|
|
In the spring, the demand for tennis rackets goes up. This causes the potential demand of tennis balls to also go up.
|
|
December is the most popular month of the year to bake cookies. This causes the demand for butter to go up and the cost of margarine to go down.
|
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