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Consider the market for Ping golf clubs. Suppose the price of memberships at local golf courses increases. Assume memberships at local golf courses and Ping golf clubs are complements. The demand curve
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Consider the market for Ping golf clubs. Suppose the price of memberships at local golf courses increases. Assume memberships at local golf courses and Ping golf clubs are complements. The demand curve for Ping golf clubs will shift to the____________

User Jude Osbert K
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5 votes
5 votes

Answer:

Left

Step-by-step explanation:

Complement goods are goods that are used together. If the price of one good goes up, consumers would demand less of the other good.

If the price of club membership increases, the demand for club membership would fall. Since membership has fallen ,there won't be need to purchase golf clubs as they are complements, so the demand for golf clubs would fall and the demand curve for golf clubs would shift to the left.

I hope my answer helps you

User MrChudz
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