180k views
4 votes
Suppose people buy more of good 1 when the price of good 2 falls. These goods areSubstitutesComplementsNormalinferior

1 Answer

4 votes

Complements

1) Considering that when the price of one good 1 is when another good, "Good 2" falls then we can state that both products behave in synergy.

2) Then we can state that Good 1 and Good 2 are Complements because one product helps on the sales of another.

User Don Rolling
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.