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If textbooks and study guides are complements, then an increase in the price of textbooks will result in a. more textbooks being sold b.no difference in the quantity sold of either good c. more study guides being sold d. fewer study guides being sold

User Fuzzybear
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2 Answers

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Final answer:

An increase in the price of textbooks, which are complements to study guides, will lead to fewer study guides being sold because the demand for both goods is linked.

Step-by-step explanation:

When two goods are complements, it means that the consumption of one good tends to enhance the consumption of the other. For instance, textbooks and study guides are often used together to help students learn course material more effectively. If the price of textbooks increases, students are likely to purchase fewer textbooks due to the higher cost. As a consequence, they will also need fewer study guides since they use these to supplement the textbook material. Therefore, if the price of textbooks goes up, the demand for study guides will generally decrease because the goods are complementary.

In response to the original question, the correct answer is:d. fewer study guides being sold. The increase in the price of textbooks will generally lead to a decrease in the demand for study guides because students are buying fewer textbooks and, hence, feel less need for study guides that are meant to complement those textbooks.

User Ashkan Pourghasem
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3 votes

Answer:

d. fewer study guides being sold

Step-by-step explanation:

If there is an increase in the price of textbooks, it is fair to assume that demand for textbooks will fall and, thus, textbooks sales will also fall. When goods are complements, a decrease in demand for a certain good means that its complements will also experience a similar decrease in demand. Since textbooks and study guides are complements, the sales of study guides will also fall.

Therefore, the answer is d. fewer study guides being sold

User JM Yang
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