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Products that complement a certain product will not be affected whenever that product's price changes. t/f

User Aldith
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Final answer:

The statement is false; complementary products are affected when the price of one changes, affecting the demand for the other. Price floors set below equilibrium do not affect prices.

Step-by-step explanation:

The statement that products that complement a certain product will not be affected when that product's price changes is false. Complementary goods are products that are typically consumed together, and a price change in one can influence the demand for its complement. For example, if the price of coffee increases, the demand for sugar and cream might decrease since these are complementary to coffee. On the other hand, price floors are a different concept where setting a minimum price for a product will not affect the market if it’s set below the equilibrium price. This discussion touches upon key concepts in supply and demand as well as market equilibrium.

User Akiraspeirs
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