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.

The objective of the question is to identify the best example of complementary goods among the given…

Answered: Complementary goods are goods that are…

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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.