BUSINESS IN ACTION BUNDLE
BUSINESS IN ACTION BUNDLE
9th Edition
ISBN: 9780137423910
Author: BOVEE
Publisher: PEARSON
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Chapter 2.3, Problem 2CT
Summary Introduction

To discuss: Impact on demand for the products  if prices of complementary products increases.

Complementary products are those goods which are used together. When the price of one good increases the demand for another good decreases. For example, bike and petrol.

Demand is the quantity of good or a service that customers will buy at various prices at a certain time.

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