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
4.8k points